Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Measurements [Abstract]

Cash and Cash Equivalents and Marketable Securities Measured at Fair Value on Recurring Basis

The table below sets forth the Company’s cash and cash equivalents and marketable securities as of September 30, 2016 and December 31, 2015, respectively, which are measured at fair value on a recurring basis by level within the fair value hierarchy.

	September 30, 2016								December 31, 2015
	Level 1		Level 2		Level 3		Total		Total
Cash and cash equivalents	$	9,561,016	$	-	$	-	$	9,561,016	$	8,717,899
Marketable securities		274,029		-		-		274,029		245,474
Total	$	9,835,045	$	-	$	-	$	9,835,045	$	8,963,373