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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Royalty and licensing revenue $ 6,257,688 $ 6,128,601 $ 10,456,188 $ 9,874,851
Treatment investment revenue 0 563,461 0 643,956
Grant and contract revenue 54,843 81,803 138,929 1,690,602
Total revenue 6,312,531 6,773,865 10,595,117 12,209,409
Operating expenses        
General and administrative 2,836,162 2,796,539 5,409,473 6,178,609
Research and development 558,311 1,633,386 1,979,296 5,200,649
Sales and marketing 1,746,917 0 2,823,444 0
Royalty expense 1,402,749 934,407 2,336,754 1,248,075
Total operating expenses 6,544,139 5,364,332 12,548,967 12,627,333
Income (loss) from operations (231,608) 1,409,533 (1,953,850) (417,924)
Other income (expense)        
Interest income 11,494 122,674 88,093 244,269
Gain (loss) on foreign exchange 3,909 (10,839) 3,909 (40,997)
Total other income 15,403 111,835 92,002 203,272
Income (loss) before income taxes (216,205) 1,521,368 (1,861,848) (214,652)
Income tax (expense) benefit 0 56,805 (39,000) 56,805
Net income (loss) (216,205) 1,578,173 (1,900,848) (157,847)
Other comprehensive loss:        
Foreign currency translation adjustment (17,229) 0 (310,720) 0
Total other comprehensive loss (17,229) 0 (310,720) 0
Comprehensive income (loss) $ (233,434) $ 1,578,173 $ (2,211,568) $ (157,847)
Net income (loss) per share of common stock:        
Basic (in dollars per share) $ (0.05) $ 0.39 $ (0.45) $ (0.04)
Diluted (in dollars per share) $ (0.05) $ 0.31 $ (0.45) $ (0.04)
Weighted average shares outstanding used to compute net income (loss) per share:        
Basic (in shares) 4,258,105 3,995,669 4,241,423 3,952,773
Diluted (in shares) 4,258,105 5,128,575 4,241,423 3,952,773