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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,884,086 $ 269,964
Marketable securities 2,755,111
Royalty receivables, net of reserves of $1,173,450 in 2022 and $1,016,678 in 2021 442,454 831,636
Prepaid expenses and other current assets 235,355 92,931
Total current assets 2,561,895 3,949,642
Fixed assets, net 79,612 92,954
Operating lease ROU assets 396,819 469,824
Deposits and other assets 33,567 33,567
Total assets 3,071,893 4,545,987
Current liabilities:    
Current portion of operating lease liability 190,001 182,091
Accounts payable 31,698 66,460
Accrued expenses and other 62,084 49,385
Deferred revenue 7,171
Total current liabilities 290,954 297,936
Operating lease liability, net of current portion 367,202 464,128
Total liabilities 658,156 762,064
Shareholders’ equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 31,650,396 in 2022 and 2021 3,165 3,165
Additional paid-in capital 123,467,886 123,467,886
Accumulated deficit (121,057,314) (119,687,128)
Total shareholders’ equity 2,413,737 3,783,923
Total liabilities and shareholders’ equity $ 3,071,893 $ 4,545,987