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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,152,433 $ 4,230,916
Marketable securities 2,988,060
Royalties receivable, net of reserves of $1,153,450 in 2023 and $1,158,450 in 2022, respectively 683,863 589,599
Prepaid expenses and other current assets 93,188 100,973
Total current assets 4,917,544 4,921,488
Fixed assets, net 59,274 65,388
Operating lease ROU assets 286,551 323,509
Deposits and other assets 56,066 56,066
Total assets 5,319,435 5,366,451
Current liabilities:    
Current portion of operating lease liability 199,672 196,405
Accounts payable 25,440 71,079
Accrued expenses and other 46,730 34,379
Deferred revenue 11,921
Total current liabilities 283,763 301,863
Operating lease liability, net of current portion 216,943 267,723
Total liabilities 500,706 569,586
Shareholders’ equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 33,509,287 as of Match 31, 2023 and 33,150,396 as of December 31, 2022 3,351 3,315
Additional paid-in capital 127,634,493 127,150,027
Accumulated deficit (122,819,115) (122,356,477)
Total shareholders’ equity 4,818,729 4,796,865
Total liabilities and shareholders’ equity $ 5,319,435 $ 5,366,451