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Consolidated Statements of Cash Flows (unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 3,560,045 $ 1,880,119
Adjustments to reconcile net income to net cash provided By operating activities:    
Depreciation and amortization 48,242 43,529
Stock-based compensation expense 106,621 202,085
Deferred tax assets 424 619,410
Changes in operating assets and liabilities:    
Accounts receivable 37,678 31,523
Prepaid expenses and other current assets (294,715) 110,655
Accounts payable and accrued expenses 86,204 15,607
Deferred revenue (116,242) (327,824)
Net cash provided by operating activities 3,428,257 2,575,104
Cash flows from investing activities:    
Maturity of marketable investments 7,790,000 5,000,000
Purchases of marketable investments (9,396,964) (5,190,000)
Payment for royalty buy down 0 (1,500,000)
Net cash used in investing activities (1,606,964) (1,690,000)
Cash flows from financing activities:    
Proceeds from stock option exercises 10,000 148,425
Payments for repurchase of common stock (608,052) (674,501)
Excess tax benefits from share-based payment arrangements 0 268,001
Net cash used in financing activities (598,052) (258,075)
Increase in cash and cash equivalents 1,223,241 627,029
Cash and cash equivalents at beginning of year 3,383,737 3,196,831
Cash and cash equivalents at end of period 4,606,978 3,823,860
Cash paid during the year for:    
Interest 0 0
Taxes $ 1,778,500 $ 162,000