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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Net product revenues $ 113,702 $ 95,392
License revenues 20,077 3,047,317
Total revenues 133,779 3,142,709
Cost of product revenues 36,718 28,936
Gross margin 97,061 3,113,773
Patent Monetization expenses 1,565,438 1,650,271
Research and development expenses 225,230 195,521
General, administrative and selling expenses 355,500 369,365
Operating (loss) income (2,049,107) 898,616
Interest expense, net (7,195) (2,532)
(Loss) income from operations before provision for income taxes (2,056,302) 896,084
Provision for income taxes 3,700 39,143
Net (loss) income $ (2,060,002) $ 856,941
Basic weighted average shares 64,914,935 64,416,035
Basic net (loss) income per share $ (0.03) $ 0.01
Diluted weighted average shares 64,914,935 71,855,138
Diluted net (loss) income per share $ (0.03) $ 0.01