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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues    
Royalty revenue $ 40,725,185 $ 27,401,919
Grant and contract revenue 7,060,293 2,223,262
Total revenue 47,785,478 29,625,181
Operating expenses    
General and administrative 12,152,935 11,742,540
Research and development 16,833,537 9,240,020
Sales and marketing 4,576,263 4,686,932
Royalty expenses 9,066,432 6,196,706
Total operating expenses 42,629,167 31,866,198
Income (loss) from operations 5,156,311 (2,241,017)
Other income (expense)    
Interest income, net 11,402 93,877
Interest expense (2,128,962) (131,007)
Loss on foreign exchange (5,691) (8,981)
Total other income (expense) (2,123,251) (46,111)
Income (loss) before income taxes 3,033,060 (2,287,128)
Income tax (expense) benefit (24,270) 425,679
Net income (loss) 3,008,790 (1,861,449)
Other comprehensive income (loss)    
Foreign currency translation adjustments (27,884) (26,931)
Total comprehensive income (loss) $ 2,980,906 $ (1,888,380)
Income (loss) per share of common stock:    
Basic (in dollars per share) $ 0.68 $ (0.44)
Diluted (in dollars per share) $ 0.51 $ (0.44)
Weighted average common stock outstanding    
Basic (in shares) 4,456,162 4,249,832
Diluted (in shares) 5,920,069 4,249,832