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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 3,344,753 $ 2,829,124
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization 545,067 414,744
Stock-based compensation expense 33,476 33,476
Deferred tax expense 97,508 (2,819,285)
Changes in operating assets and liabilities:    
Accounts receivable (1,117,501) (1,239,234)
Income tax receivable 212,174 (12,000)
Prepaid expenses and other current assets 40,709 (83,320)
Patent costs 0 (5,414)
Accounts payable and accrued expenses 422,793 26,739
Deferred revenue (259,713) 8,237,655
Net cash provided by operating activities 3,319,266 7,382,485
Cash flows from investing activities:    
Maturity of marketable investments 18,217,000 12,233,583
Purchases of marketable investments (17,304,251) (15,169,104)
Net cash provided by (used in) investing activities 912,749 (2,935,521)
Cash flows from financing activities:    
Proceeds from stock option exercises 258,250 177,250
Payments for repurchase of common stock (221,821) (398,976)
Excess tax benefits from share-based payment arrangements 0 151,380
Net cash provided by (used in) financing activities 36,429 (70,346)
Increase in cash and cash equivalents 4,268,444 4,376,618
Cash and cash equivalents at beginning of year 4,763,364 5,137,875
Cash and cash equivalents at end of period 9,031,808 9,514,493
Cash paid during the period for:    
Interest 0 0
Taxes $ 1,460,000 $ 4,080,000