Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2014
Summary of Significant Accounting Policies [Abstract]  
Schedule of Short-Term Investments

December 31, 2014

  

Amortized cost

   

Gross unrealized gains

   

Gross unrealized losses

   

Estimated fair value

 

Certificates of deposit

$ 1,099,775     $ 1,168     $ -     $ 1,100,943  

Municipal bonds

  536,046       -       (6,572 )     529,474  

Corporate fixed income bonds

    3,563,057       808,948       -       4,372,005  
    $ 5,198,878     $ 810,116     $ (6,572 )   $ 6,002,422  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents a summary of fair value measurements for certain financial instruments measured at fair value on a recurring basis:

 

   

December 31,

  

Financial Instrument

Level

    

2014

    

2013

  

Warrant liability

3     $ 93,789     $ 85,221  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share


 

2014

 

 

2013

 

Warrants to purchase common stock

 

 

362,500

 

 

 

131,250

 

Stock options

 

 

346,000

 

 

 

-

 

Unvested restricted stock

 

 

200,001

 

 

 

-

 

 

 

 

908,501

 

 

 

131,250