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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 5,837,395 $ 6,591,960
Royalties receivable, net of reserves of $885,598 as of March 31, 2020 and $1,135,598 as of December 31,2019 746,653 656,062
Prepaid expenses and other current assets 182,092 58,835
Total current assets 6,766,140 7,306,857
Fixed assets, net 94,083 141,720
Operating lease ROU assets 733,691 773,989
Deposits and other assets 33,567 33,567
Total assets 7,627,481 8,256,133
Current liabilities:    
Current portion of operating lease liabilities 163,198 163,236
Accounts payable 67,934 169,750
Accrued expenses and other 112,936 46,709
Deferred revenue 78,923 7,734
Total current liabilities 422,991 387,429
Operating lease liabilities, net of current portion 772,976 812,596
Total liabilities 1,195,967 1,200,025
Shareholders' equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 31,411,107 in 2020 and 31,254,262 in 2019 3,141 3,125
Additional paid-in capital 122,552,879 122,552,895
Accumulated deficit (116,124,506) (115,499,912)
Total shareholders' equity 6,431,514 7,056,108
Total liabilities and shareholders' equity $ 7,627,481 $ 8,256,133