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Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 3,262,518 $ 3,660,453
Marketable securities 12,511,010 16,528,494
Accounts receivable 49,297 49,448
Prepaid expenses 276,810 321,958
Total current assets 16,099,635 20,560,353
Marketable securities 19,034,609 18,019,054
Property and equipment, net 34,033 35,786
Intangible assets, net 22,000,000 22,000,000
Goodwill 11,265,100 11,265,100
Other assets 1,106,785 1,106,785
Total assets 69,540,162 72,987,078
Current liabilities    
Accounts payable 2,121,135 972,483
Accrued liabilities 3,830,342 3,104,807
Warrant liabilities 293,438 524,340
Total current liabilities 6,244,915 4,601,630
Deferred tax liability 7,962,100 7,962,100
Total liabilities $ 14,207,015 $ 12,563,730
Commitments and contingencies; see Note 6
Stockholders' equity    
Common stock, par value $.0001 per share; authorized 400,000,000 shares; issued and outstanding 28,119,771 and 28,119,694, respectively $ 2,812 $ 2,812
Additional paid-in capital 221,416,901 221,285,677
Accumulated other comprehensive gain/(loss) 10,795 (129,442)
Accumulated deficit (166,097,361) (160,735,699)
Total stockholders' equity 55,333,147 60,423,348
Total liabilities and stockholders' equity $ 69,540,162 $ 72,987,078