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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Information
The following summarized (unaudited) quarterly financial information presents the results of operations and other data for three-month periods ended March 31, June 30, September 30 and December 31, 2015 and 2014.
 
 
 
First
Quarter
2015
 
Second
Quarter
2015
 
Third
Quarter
2015
 
Fourth
Quarter
2015
 
Total Income (Loss)
 
$
(5,092,160)
 
$
8,888,385
 
$
(19,144,755)
 
$
(12,030,910)
 
Total Expenses
 
 
125,096
 
 
174,595
 
 
141,411
 
 
134,404
 
Net Income (Loss)
 
$
(5,217,256)
 
$
8,713,790
 
$
(19,286,166)
 
$
(12,165,314)
 
Net Income (Loss) per Share
 
$
(2.63)
 
$
2.88
 
$
(6.39)
 
$
(3.45)
 
 
 
 
First
Quarter
2014
 
Second
Quarter
2014
 
Third
Quarter
2014
 
Fourth
Quarter
2014
 
Total Income (Loss)
 
$
1,636,925
 
$
4,045,515
 
$
(6,424,544)
 
$
(17,575,229)
 
Total Expenses
 
 
145,584
 
 
132,839
 
 
115,775
 
 
94,542
 
Net Income (Loss)
 
$
1,491,341
 
$
3,912,676
 
$
(6,540,319)
 
$
(17,669,771)
 
Net Income (Loss) per Share
 
$
1.27
 
$
3.07
 
$
(5.37)
 
$
(15.21)