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Cash, Cash Equivalents, Short-Term Investments and Long-Term Investments | 6 Months Ended
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Jun. 30, 2016
Cash, Cash Equivalents, Short-Term Investments and Long-Term Investments [Abstract] |
CASH, CASH EQUIVALENTS, SHORT-TERM INVESTMENTS AND LONG-TERM INVESTMENTS |
3. | CASH, CASH EQUIVALENTS, SHORT-TERM INVESTMENTS AND LONG-TERM INVESTMENTS
Cash, cash equivalents, short-term investments and long-term investments (at cost) consisted of the following:
|  | As of June 30, 2016 |  |  | As of December 31, 2015 |  |  | Increase |
Cash and cash equivalents |  | $ | 3,650,699 |  |  | $ | 1,573,328 |  |  | $ | 2,077,371 |
Short-term investments(1) |  |  | 6,696,000 |  |  |  | 4,464,000 |  |  |  | 2,232,000 |
Subtotal |  |  | 10,346,699 |  |  |  | 6,037,328 |  |  |  | 4,309,371 |
Long-term investments(1) |  |  | 487,000 |  |  |  | 487,000 |  |  |  | 0 |
Total |  | $ | 10,833,699 |  |  | $ | 6,524,328 |  |  | $ | 4,309,371 |
(1) We accrued $18,481 and $9,221 in interest income on these investments as of June 30, 2016 and December 31, 2015, respectively, which was recorded in other receivables. Held to maturity securities are carried at amortized cost. The cost of securities sold is determined based on the specific identification method. Realized gains and losses, and declines in value judged to be other than temporary, are included in investment income. As of June 30, 2016, held to maturity securities consisted of the following:
|  |  |  |  | Gross Unrealized |  |  | Estimated |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
Certificates of deposit |  | $ | 7,183,000 |  |  | $ | 5,661 |  |  | $ | 0 |  |  | $ | 7,188,661 |

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- Definition The entire disclosure of the components of cash, cash equivalents, and short-term investments. Short-term investments may include current marketable securities. + References No definition available. + Details
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