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Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Fee income	$ 244,432	$ 803,494	$ 653,564	$ 1,182,891
Operating expenses	865,590	961,727	2,052,096	2,134,264
Research and development	503,572	334,518	913,789	768,972
Total Expenses	1,369,162	1,296,245	2,965,885	2,903,236
Operating loss	(1,124,730)	(492,751)	(2,312,321)	(1,720,345)
Net investment income	7,972	11,464	18,870	22,680
Net loss	$ (1,116,758)	$ (481,287)	$ (2,293,451)	$ (1,697,665)
Basic and diluted net loss per common share	$ (0.05)	$ (0.02)	$ (0.10)	$ (0.07)
Weighted average number of common shares outstanding	24,043,846	24,005,919	24,043,846	23,975,197

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The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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