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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 5,841,346 $ 6,591,960
Royalties receivable, net of reserves of $944,052 as of June 30, 2020 and $1,135,598 as of December 31, 2019 652,520 656,062
Prepaid expenses and other current assets 138,473 58,835
Total current assets 6,632,339 7,306,857
Fixed assets, net 50,942 141,720
Operating lease ROU assets 693,395 773,989
Deposits and other assets 33,567 33,567
Total assets 7,410,243 8,256,133
Current liabilities:    
Current portion of operating lease liabilities 163,204 163,236
Accounts payable 59,438 169,750
Accrued expenses and other 83,342 46,709
Deferred other income liability 7,912
Deferred revenue 48,301 7,734
Total current liabilities 362,197 387,429
Operating lease liabilities, net of current portion 731,306 812,596
Total liabilities 1,093,503 1,200,025
Shareholders' equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 31,575,786 in 2020 and 31,254,262 in 2019 3,158 3,125
Additional paid-in capital 122,837,069 122,552,895
Accumulated deficit (116,523,487) (115,499,912)
Total shareholders' equity 6,316,740 7,056,108
Total liabilities and shareholders' equity $ 7,410,243 $ 8,256,133