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Consolidated Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Net sales $ 37,458 $ 18,219 $ 21,998
Royalties 11,767,758 9,155,654 6,314,959
Licensing revenue 2,662,024 1,971,205 5,012,102
Consulting fees 0 0 46,667
Total revenues 14,467,240 11,145,078 11,395,726
Costs and expenses:      
Research and development 1,484,416 1,249,755 972,078
General and administrative 5,038,363 4,774,828 5,231,881
Total costs and expenses 6,522,779 6,024,583 6,203,959
Operating income 7,944,461 5,120,495 5,191,767
Other income (expense):      
Interest income 26,202 34,634 55,780
Other 0 0 15,823
Total other income (expense) 26,202 34,634 71,603
Income before benefit (expense) for income tax 7,970,663 5,155,129 5,263,370
Income tax benefit (expense) (2,684,816) (2,174,054) 1,338,256
Net income $ 5,285,847 $ 2,981,075 $ 6,601,626
Basic net income per share (in dollars per share) $ 0.83 $ 0.47 $ 1.04
Diluted net income per share (in dollars per share) $ 0.76 $ 0.43 $ 0.95
Shares used in computation of basic net income per share (in shares) 6,345,615 6,351,245 6,340,648
Shares used in computation of diluted net income per share (in shares) 6,922,274 6,981,527 6,952,386