XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (unaudited) (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 8,840,706 $ 5,624,860
Short-term investments 7,793,002 6,966,964
Accounts receivable, net 2,042,617 5,004,418
Income tax receivable 1,272,486 255,708
Deferred tax assets 99,244 94,992
Prepaid expenses and other current assets 291,441 326,519
Total current assets 20,339,496 18,273,461
Deferred royalty buy-down 3,309,146 3,350,000
Deferred tax assets - long term 1,377,790 1,412,784
Patent costs, net 299,711 215,999
Total assets 25,326,143 23,252,244
Current liabilities:    
Accounts payable and accrued expenses 719,194 634,277
Deferred revenue 69,130 69,130
Accrued liabilities of discontinued operations 78,138 78,138
Total current liabilities 866,462 781,545
Long-term deferred revenue 103,695 138,260
Stockholders' equity:    
Series A Preferred stock, $.50 par value, 700,000 shares authorized; none outstanding 0 0
Common stock, $.001 par value; 10,000,000 shares authorized ; 6,806,467 and 6,655,168 shares issued at June 30, 2014 and December 31, 2013, respectively 6,806 6,655
Additional paid-in capital 22,393,836 20,951,796
Retained earnings 6,306,973 4,975,018
Treasury stock, 329,455 and 300,739 shares at cost at June 30, 2014 and December 31, 2013, respectively (4,351,629) (3,601,030)
Total stockholders' equity 24,355,986 22,332,439
Total liabilities and stockholders' equity $ 25,326,143 $ 23,252,244