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Consolidated Statements of Operations (unaudited) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Net sales $ 3,678 $ 2,243
Royalties 2,740,318 3,432,900
Licensing revenues 17,283 544,881
Total Revenues 2,761,279 3,980,024
Costs and expenses:    
Research and development 382,704 294,874
General and administrative 1,246,305 1,618,482
Total Cost and Expenses 1,629,009 1,913,356
Operating income 1,132,270 2,066,668
Other income (expense):    
Interest income 6,971 5,866
Other income 1,150 0
Total other income (expense) 8,121 5,866
Income before expense for income tax 1,140,391 2,072,534
Income tax benefit (expense) (386,402) (719,450)
Net income $ 753,989 $ 1,353,084
Basic net income per share (in dollars per share) $ 0.12 $ 0.21
Diluted net income per share (in dollars per share) $ 0.11 $ 0.19
Shares used in computation of basic net income per share (in shares) 6,378,859 6,356,954
Shares used in computation of diluted net income per share (in shares) 7,022,172 6,955,452