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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,544,961 $ 5,288,575
Adjustments to reconcile to net cash provided by operating activities:    
Deferred tax provision 1,266,000 1,888,000
Depreciation 264,993 214,568
Amortization of intangible assets 2,811,949 2,500,625
Stock based compensation charges 1,056,261 889,489
Changes in assets and liabilities:    
Restricted cash and investments   357
Accounts receivable, net 7,058,758 7,354,093
Prepaid and other assets (122,298) (56,672)
Accrued expenses and other liabilities (2,212,570) (554,032)
Deferred revenue (4,446,190) (1,372,972)
Net cash provided by operating activities 8,221,864 16,152,031
CASH FLOWS FROM INVESTING ACTIVITIES:    
Website and database development additions (4,461,366) (2,324,829)
Furniture, fixtures and equipment additions (1,261,688) (151,922)
Proceeds from sale of furniture, fixtures and equipment 2,091  
Cash (used in) investing activities (5,720,963) (2,476,751)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends (3,876,066) (3,164,516)
Registration statement costs   (89,331)
Proceeds from option exercises 153,000 56,250
Payments for option cancellations and restricted stock units (701,159) (992,971)
Payment of financing costs (180,552)  
Net cash (used in) financing activities (4,604,777) (4,190,568)
Net (decrease) increase in cash and cash equivalents (2,103,876) 9,484,712
Cash and cash equivalents, beginning of period 28,657,956 17,745,077
Cash and cash equivalents, end of period 26,554,080 27,229,789
SUPPLEMENTAL INFORMATION:    
Cash paid during the period for interest 17,083 12,639
Cash paid during the period for income taxes 519,431 273,000
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrual for furniture, fixtures and equipment additions 688,337  
Disposal of fully depreciated furniture, fixtures and equipment 64,039 82,764
Shares issued for vested employee restricted stock units $ 1,048 $ 1,297