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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 3,400,842 $ 1,737,847
Royalties receivable, net of reserves of $1,051,424 in 2018 and 2017 709,811 597,441
Prepaid expenses and other current assets 96,790 29,697
Total current assets 4,207,443 2,364,985
Fixed assets, net 358,456 482,561
Deposits and other assets 33,567 33,567
Total assets 4,599,466 2,881,113
Current liabilities:    
Accounts payable 56,602 58,090
Accrued expenses and other 263,420 254,833
Deferred revenue 38,966 824
Total current liabilities 358,988 313,747
Warrant liability 510,001
Shareholders' equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 27,662,211 in 2018 and 24,043,846 in 2017 2,766 2,404
Additional paid-in capital 114,784,477 111,627,789
Accumulated deficit (111,056,766) (109,062,827)
Total shareholders' equity 3,730,477 2,567,366
Total liabilities and shareholders' equity $ 4,599,466 $ 2,881,113