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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 2,969,416 $ 1,737,847
Royalties receivable, net of reserves of $1,094,774 in 2018 and $1,051,424 in 2017 689,677 597,441
Prepaid expenses and other current assets 52,729 29,697
Total current assets 3,711,822 2,364,985
Fixed assets, net 313,177 482,561
Deposits and other assets 33,567 33,567
Total assets 4,058,566 2,881,113
Current liabilities:    
Accounts payable 133,486 58,090
Accrued expenses and other 273,606 254,833
Deferred revenue 50,570 824
Total current liabilities 457,662 313,747
Warrant liability 501,414
Shareholders' equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 27,665,211 in 2018 and 24,043,846 in 2017 2,767 2,404
Additional paid-in capital 114,787,657 111,627,789
Accumulated deficit (111,690,934) (109,062,827)
Total shareholders' equity 3,099,490 2,567,366
Total liabilities and shareholders' equity $ 4,058,566 $ 2,881,113