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Consolidated Statements of Operations (unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Net sales $ 27,500 $ 1,246 $ 29,743 $ 8,750
Royalties 3,197,603 2,491,313 6,630,503 4,391,282
Licensing revenues 44,880 109,275 589,761 788,550
Total Revenues 3,269,983 2,601,834 7,250,007 5,188,582
Costs and expenses:        
Research and development 470,044 404,346 764,918 653,898
General and administrative 1,236,254 1,149,926 2,854,736 2,238,648
Total Cost and Expenses 1,706,298 1,554,272 3,619,654 2,892,546
Operating income 1,563,685 1,047,562 3,630,353 2,296,036
Other income (expense):        
Interest income 6,510 9,771 12,376 19,264
Total other income 6,510 9,771 12,376 19,264
Income before expense for income tax 1,570,195 1,057,333 3,642,729 2,315,300
Income tax benefit (expense) (542,009) (390,651) (1,261,459) (906,228)
Net income $ 1,028,186 $ 666,682 $ 2,381,270 $ 1,409,072
Basic net income per share (in dollars per share) $ 0.16 $ 0.11 $ 0.37 $ 0.22
Diluted net income per share (in dollars per share) $ 0.15 $ 0.10 $ 0.34 $ 0.20
Shares used in computation of basic net income per share (in shares) 6,345,277 6,343,356 6,351,083 6,339,930
Shares used in computation of diluted net income per share (in shares) 6,968,057 6,971,687 6,966,045 6,984,258