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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,130,390 $ 1,994,186
Royalties receivable, net of reserves of $1,354,850 in 2025 and $1,253,450 in 2024, respectively 371,878 658,213
Prepaid expenses and other current assets 112,604 93,490
Total current assets 1,614,872 2,745,889
Fixed assets, net 6,355 15,052
Operating lease ROU assets 1,092,033 1,222,640
Deposits and other assets 56,066 56,066
Total assets 2,769,326 4,039,647
Current liabilities:    
Current portion of operating lease liability 141,894 129,875
Accounts payable 29,137 85,825
Accrued expenses 35,721 53,327
Deferred revenue 5,336
Total current liabilities 212,088 269,027
Operating lease liability, net of current portion 1,057,720 1,166,285
Total liabilities 1,269,808 1,435,312
Shareholders’ equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 33,648,221 in 2025 and 2024, respectively 3,365 3,365
Additional paid-in capital 128,352,397 128,177,193
Accumulated deficit (126,856,244) (125,576,223)
Total shareholders’ equity 1,499,518 2,604,335
Total liabilities and shareholders’ equity $ 2,769,326 $ 4,039,647