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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,906,502 $ 2,475,958
Royalties receivable, net of reserves of $1,253,450 in 2024 and 2023, respectively 1,078,500 1,003,404
Prepaid expenses and other current assets 204,682 96,784
Total current assets 3,189,684 3,576,146
Fixed assets, net 26,801 39,598
Operating lease ROU assets 107,229 178,715
Deposits and other assets 56,066 56,066
Total assets 3,379,780 3,850,525
Current liabilities:    
Current portion of operating lease liability 163,825 212,359
Accounts payable 60,968 50,880
Accrued expenses 40,212 14,192
Deferred revenue 125,000
Total current liabilities 390,005 277,431
Operating lease liability, net of current portion 55,363
Total liabilities 390,005 332,794
Shareholders’ equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 33,517,787 in 2024 and 33,509,287 in 2023 3,352 3,351
Additional paid-in capital 127,787,890 127,779,221
Accumulated deficit (124,801,467) (124,264,841)
Total shareholders’ equity 2,989,775 3,517,731
Total liabilities and shareholders’ equity $ 3,379,780 $ 3,850,525