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Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Fee income	$ 1,236,097	$ 2,007,482	$ 1,598,799
Operating expenses	4,086,408	4,742,166	4,425,718
Research and development	1,417,634	1,588,491	1,621,964
Total Expenses	5,504,042	6,330,657	6,047,682
Operating loss	(4,267,945)	(4,323,175)	(4,448,883)
Net investment income	29,535	43,319	35,161
Net loss	$ (4,238,410)	$ (4,279,856)	$ (4,413,722)
Basic and diluted net loss per common share	$ (0.18)	$ (0.18)	$ (0.19)
Weighted average number of common shares outstanding	24,043,846	24,007,974	23,663,229

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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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Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.

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