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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 9,617,632 $ 4,645,960 $ 5,285,847
Adjustments to reconcile net income to net cash provided in operating activities:      
Amortization 933,009 247,097 64,323
Stock-based compensation expense 105,782 21,416 111,636
Deferred tax expense 455,799 429,005 (10,653)
Gain on the sale of fixed assets 0 (1,150) 0
Changes in operating assets and liabilities:      
Accounts receivable 390,811 2,051,335 77,942
Income tax receivable (263,727) (397,408) (204,638)
Prepaid expenses and other current assets (124,647) 81,708 (176,795)
Patent costs (25,934) (198,952) 0
Accounts payable and accrued expenses 67,313 (90,580) 121,411
Deferred royalty buy-down (600,000) (600,000) (600,000)
Deferred revenue 50,622 (59,255) (133,524)
Net cash provided by operating activities from operations 10,606,660 6,129,176 4,535,549
Cash flows from investing activities:      
Maturities of marketable securities 14,070,544 7,646,964 9,710,000
Purchases of marketable securities (34,180,085) (12,848,374) (11,556,964)
Proceeds from sale of fixed assets 0 1,150 0
Net cash used in investing activities from operations (20,109,541) (5,200,260) (1,846,964)
Cash flows from financing activities:      
Proceeds from stock option exercises 2,823,983 2,146,821 30,000
Repurchases of common stock (1,802,466) (829,613) (674,874)
Excess tax benefits from share-based payment arrangements 3,808,423 1,939,832 197,412
Net cash provided by (used in) financing activities from operations 4,829,940 3,257,040 (447,462)
(Decrease) increase in cash and cash equivalents (4,672,941) 4,185,956 2,241,123
Cash and cash equivalents at beginning of year 9,810,816 5,624,860 3,383,737
Cash and cash equivalents at end of year 5,137,875 9,810,816 5,624,860
Cash paid during the year for:      
Interest 0 0 0
Taxes $ 1,906,000 $ 415,279 $ 2,713,500