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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,338,513 $ 2,969,416
Royalties receivable, net of reserves of $1,094,774 at March 31, 2019 and December 31, 2018 764,362 689,677
Prepaid expenses and other current assets 151,444 52,729
Total current assets 4,254,319 3,711,822
Fixed assets, net 268,812 313,177
Operating lease Right of Use assets 897,322
Deposits and other assets 33,567 33,567
Total assets 5,454,020 4,058,566
Current liabilities:    
Current portion of operating lease liability 158,105
Accounts payable 70,007 133,486
Accrued expenses and other 92,134 273,606
Deferred revenue 51,221 50,570
Total current liabilities 371,467 457,662
Operating lease liability, net of current portion 936,174
Warrant liability 749,004 501,414
Total liabilities 2,056,645 959,076
Shareholders' equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 28,666,831 as of March 31, 2019 and 27,665,211 as of December 31, 2018 2,867 2,767
Additional paid-in capital 115,889,339 114,787,657
Accumulated deficit (112,494,831) (111,690,934)
Total shareholders' equity 3,397,375 3,099,490
Total liabilities and shareholders' equity $ 5,454,020 $ 4,058,566