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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 2,829,124 $ 2,330,900
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization 414,744 172,554
Stock-based compensation expense 33,476 5,354
Deferred tax expense (2,819,285) (841)
Changes in operating assets and liabilities:    
Accounts receivable (1,239,234) (717,785)
Income tax receivable (12,000) 13,996
Prepaid expenses and other current assets (83,320) (44,143)
Patent costs (5,414) 0
Accounts payable and accrued expenses 26,739 239,885
Deferred revenue 8,237,655 (12,345)
Net cash provided by operating activities 7,382,485 1,987,575
Cash flows from investing activities:    
Maturity of marketable investments 12,233,583 5,197,986
Purchases of marketable investments (15,169,104) (7,343,620)
Net cash used in investing activities (2,935,521) (2,145,634)
Cash flows from financing activities:    
Proceeds from stock option exercises 177,250 37,200
Payments for repurchase of common stock (398,976) (114,263)
Excess tax benefits from share-based payment arrangements 151,380 1,158,165
Net cash (used in) provided by financing activities (70,346) 1,081,102
Increase in cash and cash equivalents 4,376,618 923,043
Cash and cash equivalents at beginning of year 5,137,875 9,810,816
Cash and cash equivalents at end of period 9,514,493 10,733,859
Cash paid during the period for:    
Interest 0 0
Taxes $ 4,080,000 $ 80,000