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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 4,772,705 $ 6,591,960
Royalties receivable, net of reserves of $972,202 in 2020 and $1,135,598 in 2019 598,292 656,062
Prepaid expenses and other current assets 56,512 58,835
Total current assets 5,427,509 7,306,857
Fixed assets, net 121,772 141,720
Operating lease ROU assets 616,442 773,989
Deposits and other assets 33,567 33,567
Total assets 6,199,290 8,256,133
Current liabilities:    
Current portion of operating lease liability 166,377 163,236
Accounts payable 33,410 169,750
Accrued expenses and other 26,279 46,709
Deferred revenue 7,734
Total current liabilities 226,066 387,429
Operating lease liability, net of current portion 646,219 812,596
Total liabilities 872,285 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 123,164,623 122,552,895
Accumulated deficit (117,840,776) (115,499,912)
Total shareholders' equity 5,327,005 7,056,108
Total liabilities and shareholders' equity $ 6,199,290 $ 8,256,133