FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Certain Assets and Liabilities

The following tables summarize the carrying amounts and fair values of certain assets and liabilities at June 30, 2014 and December 31, 2013:

			Fair Value at June 30, 2014 Using
			Quoted Prices in
	Carrying		Active Markets for		Significant Other		Significant
	Amount at		Identical Assets		Observable Inputs		Unobservable Inputs
	6/30/2014		(Level 1)		(Level 2)		(Level 3)
Description
Available-for-sale securities
Short-term investments (money market funds and accrued income)	$	1,079,217	$	—	$	1,079,217	$	—
Obligations of U.S. Treasury, U.S. government corporations and agencies	4,083,250		—		4,083,250		—
Mortgage backed securities	71,730		—		71,730		—
Corporate debt securities	5,481,110		—		5,481,110		—
Total available-for-sale securities	$	10,715,307	$	—	$	10,715,307	$	—

			Fair Value at December 31, 2013 Using
			Quoted Prices in
	Carrying		Active Markets for		Significant Other		Significant
	Amount at		Identical Assets		Observable Inputs		Unobservable Inputs
	12/31/2013		(Level 1)		(Level 2)		(Level 3)
Description
Available-for-sale securities
Short-term investments (money market funds and accrued income)	$	3,402,921	$	—	$	3,402,921	$	—
Obligations of U.S. Treasury, U.S. government corporations and agencies	2,748,850		—		2,748,850		—
Mortgage backed securities	81,112		—		81,112		—
Corporate debt securities	4,469,743		—		4,469,743		—
Total available-for-sale securities	$	10,702,626	$	—	$	10,702,626	$	—