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CASH AND CASH EQUIVALENTS
6 Months Ended
Jun. 30, 2016
Cash and Cash Equivalents [Abstract]  
CASH AND CASH EQUIVALENTS

The following tables summarize our cash and cash equivalents at June 30, 2016 and December 31, 2015:

 

    June 30, 2016     December 31, 2015  
             
Money market funds   $ 8,514,029     $ 8,265,583  
Checking and bank deposits     20,063,803       46,795,746  
    Total   $ 28,577,832     $ 55,061,329