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Consolidated Statements of Operations (unaudited) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Net sales $ 2,243 $ 7,504
Royalties 3,432,900 1,899,969
Licensing revenues 544,881 679,275
Total Revenues 3,980,024 2,586,748
Costs and expenses:    
Research and development 294,874 249,552
General and administrative 1,618,482 1,088,722
Total Cost and Expenses 1,913,356 1,338,274
Operating income 2,066,668 1,248,474
Other income:    
Interest income 5,866 9,493
Income before provision for income taxes 2,072,534 1,257,967
Provision for income taxes (719,450) (515,577)
Net income $ 1,353,084 $ 742,390
Basic net income per share (in dollars per share) $ 0.21 $ 0.12
Diluted net income per share (in dollars per share) $ 0.19 $ 0.11
Shares used in computation of basic net income per share (in shares) 6,356,954 6,336,503
Shares used in computation of diluted net income per share (in shares) 6,955,452 6,969,936