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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 4,230,916 $ 269,964
Marketable securities 2,755,111
Royalties receivable, net of reserves of $1,158,450 in 2022 and $1,016,678 in 2021, respectively 589,599 831,636
Prepaid expenses and other current assets 100,973 92,931
Total current assets 4,921,488 3,949,642
Fixed assets, net 65,388 92,954
Operating lease ROU assets 323,509 469,824
Deposits and other assets 56,066 33,567
Total assets 5,366,451 4,545,987
Current liabilities:    
Current portion of operating lease liability 196,405 182,091
Accounts payable 71,079 66,460
Accrued expenses and other 34,379 49,385
Total current liabilities 301,863 297,936
Operating lease liability, net of current portion 267,723 464,128
Total liabilities 569,586 762,064
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 127,150,027 123,467,886
Accumulated deficit (122,356,477) (119,687,128)
Total shareholders’ equity 4,796,865 3,783,923
Total liabilities and shareholders’ equity $ 5,366,451 $ 4,545,987