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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (628,348) $ (557,307)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 96 4,489
Loss on sale of marketable securities 60,143
Change in assets and liabilities:    
Royalty receivables 78,086 (139,578)
Prepaid expenses and other current assets 6,358 (28,759)
Accounts payable and accrued expenses (25,045) 50,550
Deferred revenue 10,756 27,945
Net cash used in operating activities (497,954) (642,660)
Cash flows from investing activities:    
Purchases of fixed assets (605) (346)
Proceeds from sales of marketable securities 2,694,968
Net cash provided by (used in) investing activities 2,694,363 (346)
Cash flows from financing activities:    
Proceeds from exercise of options 86,262
Net cash provided by financing activities 86,262
Net increase (decrease) in cash and cash equivalents 2,196,409 (556,744)
Cash and cash equivalents at beginning of period 269,964 4,772,705
Cash and cash equivalents at end of period $ 2,466,373 $ 4,215,961