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Consolidated Balance Sheet (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 3,196,831 $ 2,470,852
Short term investments 5,000,000 5,360,970
Accounts receivable, net 3,236,917 1,986,125
Income tax receivable 244,720 185,386
Deferred tax asset 1,309,801 0
Prepaid expenses and other current assets 98,233 91,925
Total current assets 13,086,503 10,095,258
Deferred royalty buy-down 1,250,000 1,250,000
Deferred tax assets -long term 1,738,154 0
Patent costs, net 190,416 173,443
Total assets 16,265,073 11,518,701
Current liabilities:    
Accounts payable and accrued expenses 601,002 893,083
Accrued third party development expenses 0 2,649,369
Deferred revenue 437,099 483,769
Accrued liabilities of discontinued operations 78,138 78,138
Total current liabilities 1,116,239 4,104,359
Deferred revenue - license fees 276,520 713,619
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; 6,530,743 and 6,445,743shares issued at December 31, 2011 and 2010, respectively 6,531 6,446
Additional paid-in capital 20,049,196 17,739,765
Accumulated deficit (3,291,904) (9,893,530)
Treasury stock, 194,604 and 151,875 shares at cost as of December 31, 2011 and 2010 (1,891,509) (1,151,958)
Total stockholders' equity 14,872,314 6,700,723
Total liabilities and stockholders' equity $ 16,265,073 $ 11,518,701