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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 5,285,847 $ 2,981,075 $ 6,601,626
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation and amortization 64,323 64,190 50,685
Stock-based compensation expense 111,636 228,485 517,367
Deferred income tax (10,653) 1,474,904 (3,047,955)
Changes in operating assets and liabilities:      
Accounts receivable 77,942 (1,845,443) (1,250,792)
Prepaid expenses and other current assets (381,433) 142,160 (65,642)
Accounts payable and accrued expenses 121,411 (242,233) (3,009,109)
Deferred revenue (133,524) (372,705) (483,769)
Net cash provided by (used in) operating activities from operations 5,135,549 2,430,433 (687,589)
Cash flows from investing activities:      
Maturities of marketable securities 9,710,000 5,070,000 5,360,970
Purchases of marketable securities (11,556,964) (5,190,000) (5,000,000)
Payment for royalty buy down (600,000) (1,500,000) 0
Net cash provided by (used in) investing activities from operations (2,446,964) (1,620,000) 360,970
Cash flows from financing activities:      
Proceeds from stock option exercises 30,000 148,425 82,450
Repurchases of common stock (674,874) (1,034,647) (739,551)
Excess tax benefits from share-based payment arrangements 197,412 262,695 1,709,699
Net cash provided by (used in) financing activities from operations (447,462) (623,527) 1,052,598
Increase in cash and cash equivalents 2,241,123 186,906 725,979
Cash and cash equivalents at beginning of year 3,383,737 3,196,831 2,470,852
Cash and cash equivalents at end of year 5,624,860 3,383,737 3,196,831
Cash paid during the year for:      
Interest 0 0 0
Taxes $ 2,713,500 $ 232,000 $ 190,000