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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 339,607 $ 4,772,705
Marketable securities 3,131,983
Royalty receivables, net of reserves of $972,202 in 2021 and $972,202 in 2020 829,865 598,292
Prepaid expenses and other current assets 199,925 56,512
Total current assets 4,501,380 5,427,509
Fixed assets, net 107,766 121,772
Operating lease ROU assets 543,133 616,442
Deposits and other assets 33,567 33,567
Total assets 5,185,846 6,199,290
Current liabilities:    
Current portion of operating lease liability 174,103 166,377
Accounts payable 41,077 33,410
Accrued expenses and other 59,435 26,279
Deferred revenue 26,002
Total current liabilities 300,617 226,066
Operating lease liability, net of current portion 557,204 646,219
Total liabilities 857,821 872,285
Shareholders’ equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 31,650,396 in 2021 and 31,575,786 in 2020 3,165 3,158
Additional paid-in capital 123,250,878 123,164,623
Accumulated deficit (118,926,018) (117,840,776)
Total shareholders’ equity 4,328,025 5,327,005
Total liabilities and shareholders’ equity $ 5,185,846 $ 6,199,290