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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 4,798,150 $ 269,964
Marketable securities 2,755,111
Royalty receivables, net of reserves of $1,168,450 in 2022 and $1,016,678 in 2021 534,529 831,636
Prepaid expenses and other current assets 166,571 92,931
Total current assets 5,499,250 3,949,642
Fixed assets, net 72,556 92,954
Operating lease ROU assets 360,164 469,824
Deposits and other assets 33,567 33,567
Total assets 5,965,537 4,545,987
Current liabilities:    
Current portion of operating lease liability 193,182 182,091
Accounts payable 38,010 66,460
Accrued expenses and other 32,946 49,385
Deferred revenue 3,586
Total current liabilities 267,724 297,936
Operating lease liability, net of current portion 317,805 464,128
Total liabilities 585,529 762,064
Shareholders’ equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 33,150,396 in 2022 and 31,650,396 in 2021 3,315 3,165
Additional paid-in capital 126,917,736 123,467,886
Accumulated deficit (121,541,043) (119,687,128)
Total shareholders’ equity 5,380,008 3,783,923
Total liabilities and shareholders’ equity $ 5,965,537 $ 4,545,987