XML 18 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 7,493,372 $ 5,866,123
Short term investments 5,079,475 5,076,930
Royalty receivables, net of reserves of $173,921 in 2014 and 2013 1,042,177 867,162
Prepaid expenses and other current assets 52,642 135,080
Total current assets 13,667,666 11,945,295
Fixed assets, net 96,667 64,365
Deposits and other assets 33,567 22,605
Total assets 13,797,900 12,032,265
Current liabilities:    
Accounts payable 110,808 56,603
Accrued expenses and other 194,393 80,725
Deferred revenue 22,500 25,000
Total current liabilities 327,701 162,328
Shareholders' equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 23,924,465 and 23,109,665 shares for 2014 and 2013 2,392 2,311
Additional paid-in capital 108,950,955 105,184,600
Accumulated deficit (95,483,148) (93,316,974)
Total shareholders' equity 13,470,199 11,869,937
Total liabilities and shareholders' equity $ 13,797,900 $ 12,032,265