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Selected Quarterly Financial Data (Unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012
Selected Quarterly Financial Data (Unaudited) [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fee income | $ 441,895 us-gaap_LicensesRevenue | [1],[2] | $ 452,937 us-gaap_LicensesRevenue | [2] | $ 395,619 us-gaap_LicensesRevenue | [2] | $ 308,348 us-gaap_LicensesRevenue | [1],[2] | $ 425,592 us-gaap_LicensesRevenue | [1],[2] | $ 506,692 us-gaap_LicensesRevenue | [2] | $ 521,844 us-gaap_LicensesRevenue | [2] | $ 707,231 us-gaap_LicensesRevenue | [1],[2] | $ 1,598,799 us-gaap_LicensesRevenue | $ 2,161,359 us-gaap_LicensesRevenue | $ 1,957,336 us-gaap_LicensesRevenue
Operating loss | (1,470,360)us-gaap_OperatingIncomeLoss | [1],[2] | (649,444)us-gaap_OperatingIncomeLoss | [2] | (1,150,453)us-gaap_OperatingIncomeLoss | [2] | (1,178,626)us-gaap_OperatingIncomeLoss | [1],[2] | (2,715,742)us-gaap_OperatingIncomeLoss | [1],[2] | (920,670)us-gaap_OperatingIncomeLoss | [2] | (826,927)us-gaap_OperatingIncomeLoss | [2] | (1,615,420)us-gaap_OperatingIncomeLoss | [1],[2] | (4,448,883)us-gaap_OperatingIncomeLoss | (6,078,759)us-gaap_OperatingIncomeLoss | (3,816,128)us-gaap_OperatingIncomeLoss
Net Loss | (1,462,073)us-gaap_NetIncomeLoss | [1],[2] | (639,806)us-gaap_NetIncomeLoss | [2] | (1,141,858)us-gaap_NetIncomeLoss | [2] | (1,169,985)us-gaap_NetIncomeLoss | [1],[2] | (2,706,131)us-gaap_NetIncomeLoss | [1],[2] | (911,141)us-gaap_NetIncomeLoss | [2] | (815,771)us-gaap_NetIncomeLoss | [2] | (1,607,568)us-gaap_NetIncomeLoss | [1],[2] | (4,413,722)us-gaap_NetIncomeLoss | (6,040,611)us-gaap_NetIncomeLoss | (3,169,560)us-gaap_NetIncomeLoss
Basic and diluted net loss per common share | $ (0.06)us-gaap_EarningsPerShareBasicAndDiluted | [1],[2] | $ (0.03)us-gaap_EarningsPerShareBasicAndDiluted | [2] | $ (0.05)us-gaap_EarningsPerShareBasicAndDiluted | [2] | $ (0.05)us-gaap_EarningsPerShareBasicAndDiluted | [1],[2] | $ (0.12)us-gaap_EarningsPerShareBasicAndDiluted | [1],[2],[3] | $ (0.04)us-gaap_EarningsPerShareBasicAndDiluted | [1],[2],[3] | $ (0.04)us-gaap_EarningsPerShareBasicAndDiluted | [1],[2],[3] | $ (0.07)us-gaap_EarningsPerShareBasicAndDiluted | [1],[2],[3] | $ (0.19)us-gaap_EarningsPerShareBasicAndDiluted | $ (0.26)us-gaap_EarningsPerShareBasicAndDiluted | $ (0.16)us-gaap_EarningsPerShareBasicAndDiluted
Stock and option compensation |  |  |  |  |  |  | 616,000 us-gaap_AllocatedShareBasedCompensationExpense |  |  |  |  |  |  |  | 2,305,000 us-gaap_AllocatedShareBasedCompensationExpense |  | 1,010,489 us-gaap_AllocatedShareBasedCompensationExpense | 2,545,060 us-gaap_AllocatedShareBasedCompensationExpense | 873,888 us-gaap_AllocatedShareBasedCompensationExpense
Directors' fees |  |  |  |  |  |  | $ 175,000 us-gaap_NoninterestExpenseDirectorsFees |  |  |  |  |  |  |  | $ 175,000 us-gaap_NoninterestExpenseDirectorsFees |  |  |  |
[1] | The Company incurred higher costs in the first and fourth quarter of 2014 and 2013 relating primarily to: (i) $616,000 and $2,305,000 of stock and option compensation charges in the 2014 and 2013, respectively, relating to common stock and options granted to directors, employees and consultants, and (ii) $175,000 in the first quarter of 2014 and 2013 in directors' fees, respectively.
[2] | During the year ended December 31, 2014, it was noted that the Company was applying the expected term of warrants granted in 2009 to certain consultants, rather than the contractual term, which is required by GAAP. The result of using the expected terms of the warrants was an increase to previously reported consultant compensation charges included in Operating Expenses in the Company's Consolidated Statement of Operations.The impact of this change to the prior periods is not considered material to each of the periods presented.
[3] | Since per share information is computed independently for each quarter and the full year, based on the respective average number of common shares outstanding, the sum of the quarterly per share amounts does not necessarily equal the per share amounts for the year.

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