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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 2,093,458 $ 2,475,958
Royalties receivable, net of reserves of $1,253,450 in 2024 and 2023, respectively 956,783 1,003,404
Prepaid expenses and other current assets 240,771 96,784
Total current assets 3,291,012 3,576,146
Fixed assets, net 33,199 39,598
Operating lease ROU assets 142,972 178,715
Deposits and other assets 56,066 56,066
Total assets 3,523,249 3,850,525
Current liabilities:    
Current portion of operating lease liability 216,943 212,359
Accounts payable 171,239 50,880
Accrued expenses 51,270 14,192
Total current liabilities 439,452 277,431
Operating lease liability, net of current portion 55,363
Total liabilities 439,452 332,794
Shareholders’ equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 33,517,787 in 2024 and 33,509,287 in 2023 3,352 3,351
Additional paid-in capital 127,787,890 127,779,221
Accumulated deficit (124,707,445) (124,264,841)
Total shareholders’ equity 3,083,797 3,517,731
Total liabilities and shareholders’ equity $ 3,523,249 $ 3,850,525