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Consolidated Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 5,097,924 $ 5,866,123
Short term investments 5,077,970 5,076,930
Royalty receivables, net of reserves of $173,921 in 2014 and 2013 860,430 867,162
Prepaid expenses and other current assets 80,181 135,080
Total current assets 11,116,505 11,945,295
Fixed assets, net 101,535 64,365
Deposits and other assets 33,567 22,605
Total assets 11,251,607 12,032,265
Current liabilities:    
Accounts payable 138,385 56,603
Accrued expenses and other 201,476 80,725
Deferred revenue 56,250 25,000
Total current liabilities 396,111 162,328
Shareholders' equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 23,124,465 and 23,109,665 shares for 2014 and 2013 2,312 2,311
Additional paid-in capital 105,319,221 105,184,600
Accumulated deficit (94,466,037) (93,316,974)
Total shareholders' equity 10,855,496 11,869,937
Total liabilities and shareholders' equity $ 11,251,607 $ 12,032,265