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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 5,813,863 $ 8,772,567
Contracts receivable 714,893 1,206,777
Prepaid expenses 129,075 134,431
Total current assets 6,657,831 10,113,775
Office furniture and equipment, net 20,010 26,702
Intangible assets, net 95,781 126,628
Total assets 6,773,622 10,267,105
Current liabilities:    
Accounts payable 1,611,282 1,708,091
Accrued expenses 1,482,684 806,118
Accrued compensation 57,744 355,648
Total current liabilities 3,151,710 2,869,857
Commitments and contingencies
Shareholders' equity:    
Preferred stock, 350,000 shares authorized; none issued or outstanding
Common stock, $.001 par value; 25,000,000 and 10,000,000 shares authorized at June 30, 2017 and December 31, 2016, respectively; 5,682,753 shares and 5,470,032 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 5,683 5,470
Additional paid-in capital 157,784,226 157,514,740
Accumulated deficit (154,167,997) (150,122,962)
Total shareholders' equity 3,621,912 7,397,248
Total liabilities and shareholders' equity $ 6,773,622 $ 10,267,105