XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues [Abstract]        
Royalty revenue $ 168,548 $ 187,304 $ 339,799 $ 327,956
Operating Expenses        
Research and development 46,732 46,730 94,389 104,455
General and administrative 56,455 120,802 114,898 207,113
Total Operating Expenses 103,187 167,532 209,287 311,568
Income (Loss) from Operations 65,361 19,772 130,512 16,389
Other Income (Expenses)        
Interest income 50 50
Interest expense (8,192) (13,875) (18,137) (28,560)
Total Other Income (Expenses) (8,142) (13,875) (18,087) (28,560)
Income (Loss) before Income Taxes 57,219 5,897 112,425 (12,171)
Provision for Income Taxes
Net Income (Loss) $ 57,219 $ 5,897 $ 112,425 $ (12,171)
Net Income (Loss) per Share - Basic and Diluted $ 0.002 $ 0 $ 0.003 $ (0.000)
Weighted Average Common Shares Outstanding - Basic and Diluted 31,750,106 31,750,106 31,750,106 31,750,106