XML 16 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 6,427,835 $ 7,569,537
Short term investments 1,511,191 1,501,554
Royalty receivables, net of reserves of $305,171 in 2015 and 2014 1,767,472 1,175,218
Prepaid expenses and other current assets 77,250 121,252
Total current assets 9,783,748 10,367,561
Fixed assets, net $ 881,195 660,201
Long-term investments 1,503,525
Deposits and other assets $ 33,567 33,567
Total assets 10,698,510 12,564,854
Current liabilities:    
Accounts payable 79,293 159,312
Accrued expenses and other 273,012 $ 323,372
Deferred revenue 10,000
Total current liabilities 362,305 $ 482,684
Shareholders' equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 24,040,846 and 23,924,465 shares for 2015 and 2014 2,404 2,392
Additional paid-in capital 110,929,488 110,210,480
Accumulated deficit (100,595,687) (98,130,702)
Total shareholders' equity 10,336,205 12,082,170
Total liabilities and shareholders' equity $ 10,698,510 $ 12,564,854