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Consolidated Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Consolidated Statements of Operations [Abstract]      
Fee income $ 1,598,799us-gaap_LicensesRevenue $ 2,161,359us-gaap_LicensesRevenue $ 1,957,336us-gaap_LicensesRevenue
Operating expenses 4,425,718us-gaap_GeneralAndAdministrativeExpense 6,036,792us-gaap_GeneralAndAdministrativeExpense 4,101,592us-gaap_GeneralAndAdministrativeExpense
Research and development 1,621,964us-gaap_ResearchAndDevelopmentExpense 2,203,326us-gaap_ResearchAndDevelopmentExpense 1,671,872us-gaap_ResearchAndDevelopmentExpense
Total Expenses 6,047,682us-gaap_OperatingExpenses 8,240,118us-gaap_OperatingExpenses 5,773,464us-gaap_OperatingExpenses
Operating loss (4,448,883)us-gaap_OperatingIncomeLoss (6,078,759)us-gaap_OperatingIncomeLoss (3,816,128)us-gaap_OperatingIncomeLoss
Net investment income 35,161us-gaap_InvestmentIncomeInterest 38,148us-gaap_InvestmentIncomeInterest 33,171us-gaap_InvestmentIncomeInterest
Loss before income tax benefit (4,413,722)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (6,040,611)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (3,782,957)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax benefit       613,397us-gaap_IncomeTaxExpenseBenefit
Net loss $ (4,413,722)us-gaap_NetIncomeLoss $ (6,040,611)us-gaap_NetIncomeLoss $ (3,169,560)us-gaap_NetIncomeLoss
Basic and diluted net loss per common share $ (0.19)us-gaap_EarningsPerShareBasicAndDiluted $ (0.26)us-gaap_EarningsPerShareBasicAndDiluted $ (0.16)us-gaap_EarningsPerShareBasicAndDiluted
Basic and diluted weighted average number of common shares outstanding 23,663,229us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 22,946,019us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 20,125,309us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted