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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 5,440,208 $ 6,591,960
Royalties receivable, net of reserves of $944,052 as of September 30, 2020 and $1,135,598 as of December 31, 2019 554,609 656,062
Prepaid expenses and other current assets 107,041 58,835
Total current assets 6,101,858 7,306,857
Fixed assets, net 72,715 141,720
Operating lease ROU assets 653,097 773,989
Deposits and other assets 33,567 33,567
Total assets 6,861,237 8,256,133
Current liabilities:    
Current portion of operating lease liabilities 162,615 163,236
Accounts payable 47,324 169,750
Accrued expenses and other 58,213 46,709
Deferred revenue 21,511 7,734
Total current liabilities 289,663 387,429
Operating lease liabilities, net of current portion 689,057 812,596
Total liabilities 978,720 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 (116,957,710) (115,499,912)
Total shareholders' equity 5,882,517 7,056,108
Total liabilities and shareholders' equity $ 6,861,237 $ 8,256,133