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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Royalty revenue $ 4,333,500 $ 4,198,500
Grant and contract revenue 2,053,384 84,086
Total revenue 6,386,884 4,282,586
Operating expenses    
General and administrative 2,646,329 2,573,311
Research and development 4,088,187 1,420,985
Sales and marketing 997,574 1,076,527
Royalty expense 979,466 934,005
Total operating expenses 8,711,556 6,004,828
Loss from operations (2,324,672) (1,722,242)
Other income (expense)    
Interest income 3,199 76,599
Interest expense 536,886 0
Gain on foreign exchange 14,129 0
Total other income (expense) (519,558) 76,599
Loss before income taxes (2,844,230) (1,645,643)
Income tax expense 0 39,000
Net loss (2,844,230) (1,684,643)
Other comprehensive loss:    
Foreign currency translation adjustment 12,501 (293,491)
Comprehensive loss $ (2,831,729) $ (1,978,134)
Net loss per share of common stock:    
Basic and diluted (in dollars per share) $ (0.66) $ (0.40)
Weighted average shares outstanding used to compute net loss per share:    
Basic and diluted (in shares) 4,282,923 4,224,555