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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 5,401,839 $ 4,088,104
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization 816,113 319,582
Stock-based compensation expense 66,952 38,830
Deferred tax expense (2,735,645) 240,628
Changes in operating assets and liabilities:    
Accounts receivable (1,731,520) (63,244)
Income tax receivable 32,404 (55,121)
Prepaid expenses and other current assets (346,946) (329,256)
Patent costs (11,215) (17,381)
Accounts payable and accrued expenses (23,568) 287,693
Deferred revenue 7,953,439 (24,688)
Net cash provided by operating activities 9,421,853 4,485,147
Cash flows from investing activities:    
Maturity of marketable investments 21,703,040 8,302,605
Purchases of marketable investments (28,934,178) (16,933,286)
Net cash used in investing activities (7,231,138) (8,630,681)
Cash flows from financing activities:    
Proceeds from stock option exercises 177,250 1,672,973
Payments for repurchase of common stock (692,818) (701,121)
Excess tax benefits from share-based payment arrangements 151,380 1,910,065
Net cash (used in) provided by financing activities (364,188) 2,881,917
Increase (decrease) in cash and cash equivalents 1,826,527 (1,263,617)
Cash and cash equivalents at beginning of year 5,137,875 9,810,816
Cash and cash equivalents at end of period 6,964,402 8,547,199
Cash paid during the period for:    
Interest 0 0
Taxes $ 5,290,000 $ 80,000