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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 206,524 $ 4,772,705
Marketable securities 2,778,088
Royalty receivables, net of reserves of $972,202 in 2021 and $972,202 in 2020 1,352,971 598,292
Prepaid expenses and other current assets 158,695 56,512
Total current assets 4,496,278 5,427,509
Fixed assets, net 100,324 121,772
Operating lease ROU assets 506,479 616,442
Deposits and other assets 33,567 33,567
Total assets 5,136,648 6,199,290
Current liabilities:    
Current portion of operating lease liability 178,070 166,377
Accounts payable 33,566 33,410
Accrued expenses and other 51,082 26,279
Deferred revenue 13,304
Total current liabilities 276,022 226,066
Operating lease liability, net of current portion 510,987 646,219
Total liabilities 787,009 872,285
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 (118,904,404) (117,840,776)
Total shareholders’ equity 4,349,639 5,327,005
Total liabilities and shareholders’ equity $ 5,136,648 $ 6,199,290