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Condensed Consolidated Income Statement (unaudited) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Royalties $ 5,594,109us-gaap_RoyaltyRevenue $ 2,740,318us-gaap_RoyaltyRevenue
Licensing revenues 12,345us-gaap_LicensesRevenue 17,283us-gaap_LicensesRevenue
Total Revenues 5,606,454us-gaap_SalesRevenueNet 2,757,601us-gaap_SalesRevenueNet
Costs and expenses:    
Research and development 239,465us-gaap_ResearchAndDevelopmentExpense 382,704us-gaap_ResearchAndDevelopmentExpense
General and administrative 1,803,122us-gaap_GeneralAndAdministrativeExpense 1,246,305us-gaap_GeneralAndAdministrativeExpense
Total Cost and Expenses 2,042,587us-gaap_CostsAndExpenses 1,629,009us-gaap_CostsAndExpenses
Operating income 3,563,867us-gaap_OperatingIncomeLoss 1,128,592us-gaap_OperatingIncomeLoss
Other income:    
Interest income 13,720us-gaap_InvestmentIncomeInterest 6,971us-gaap_InvestmentIncomeInterest
Other income 4,633us-gaap_OtherNonoperatingIncomeExpense 4,828us-gaap_OtherNonoperatingIncomeExpense
Total other income 18,353us-gaap_NonoperatingIncomeExpense 11,799us-gaap_NonoperatingIncomeExpense
Income before income tax expense 3,582,220us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 1,140,391us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense (1,251,320)us-gaap_IncomeTaxExpenseBenefit (386,402)us-gaap_IncomeTaxExpenseBenefit
Net income $ 2,330,900us-gaap_NetIncomeLoss $ 753,989us-gaap_NetIncomeLoss
Basic net income per share (in dollars per share) $ 0.35us-gaap_EarningsPerShareBasic $ 0.12us-gaap_EarningsPerShareBasic
Diluted net income per share (in dollars per share) $ 0.32us-gaap_EarningsPerShareDiluted $ 0.11us-gaap_EarningsPerShareDiluted
Shares used in computation of basic net income per share (in shares) 6,739,047us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 6,378,859us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Shares used in computation of diluted net income per share (in shares) 7,218,033us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 7,022,172us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding