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Short Term Investments Available for Sale (Tables) | 12 Months Ended
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Dec. 31, 2018
Short-term Investments [Abstract] |
Schedule of Cost, Fair Value and Maturities of Short Term Investments | A summary of the cost, fair value and maturities of the Company’s short-term investments is as follows:
|  | December 31, 2018 |  |  | December 31, 2017 |
|  | Cost |  |  | Fair Value |  |  | Cost |  |  | Fair Value |
Short-term investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt securities |  | $ | 14,228,126 |  |  | $ | 14,257,998 |  |  | $ | 12,734,184 |  |  | $ | 12,724,020 |
Total |  | $ | 14,228,126 |  |  | $ | 14,257,998 |  |  | $ | 12,734,184 |  |  | $ | 12,724,020 |
|  | December 31, 2018 |  |  | December 31, 2017 |
|  | Cost |  |  | Fair Value |  |  | Cost |  |  | Fair Value |
Short-term investment maturities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Within 3 months |  | $ | 5,383,488 |  |  | $ | 5,393,743 |  |  | $ | - |  |  | $ | - |
Between 3-12 months |  |  | 8,844,638 |  |  |  | 8,864,255 |  |  |  | 12,734,184 |  |  |  | 12,724,020 |
Total |  | $ | 14,228,126 |  |  | $ | 14,257,998 |  |  | $ | 12,734,184 |  |  | $ | 12,724,020 |
Summary of Investment Securities Gross Unrealized Gains (losses) | The Company has reviewed individual securities to determine whether a decline in fair value below the amortizable cost basis is other than temporary.
|  | December 31, 2018 |  |  | December 31, 2017 |
Available for sale securities (all unrealized holding gains and losses are less than 12 months at date of measurement) |  | Fair Value |  |  | Unrealized Holding Gains (Losses) |  |  | Fair Value |  |  | Unrealized Holding Gains (Losses) |
Investments with unrealized gains |  | $ | 7,515,676 |  |  | $ | 38,068 |  |  | $ | 748,148 |  |  | $ | 570 |
Investments with unrealized losses |  |  | 6,742,322 |  |  |  | (8,196 | ) |  |  | 11,975,872 |  |  |  | (10,734 | )
Total |  | $ | 14,257,998 |  |  | $ | 29,872 |  |  | $ | 12,724,020 |  |  | $ | (10,164 | )
Summary of Net Realized Losses On Sales of Available for Sale Securities and Investment Income Interest and Dividends | Investment income, which includes net realized losses on sales of available for sale securities and investment income interest and dividends, is summarized as follows:
|  | 2018 |  |  | 2017 |
Interest and dividends accrued and paid |  | $ | 331,780 |  |  | $ | 26,041 |
Accretion of investment discounts and premiums, net |  |  | 32,066 |  |  |  | - |
Losses investment maturity and sales, net |  |  | (10,164 | ) |  |  | - |
Investment income net |  | $ | 353,682 |  |  | $ | 26,041 |

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- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References No definition available. + Details
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- Definition Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.9) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.2) -URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(a),(b)) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 + Details
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- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563 + Details
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