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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 13,176,452 $ 7,333,810
Short term investments 67,707,143 51,973,971
Accounts receivable 16,518,687 4,655,105
Deferred royalty buy-down 184,931 1,794,126
Prepaid expenses and other current assets 646,749 623,503
Total current assets 98,233,962 66,380,515
Long-term investments 1,099,834 5,745,974
Deferred royalty buy-down - long term, net 0 732,206
Deferred tax assets, net 313,768 1,739,706
Patent costs, net 444,478 397,993
Total assets 100,092,042 74,996,394
Current liabilities:    
Accounts payable and accrued expenses 1,798,588 933,998
Income tax payable 704,934 68,733
Deferred revenue 0 1,057,979
Accrued liabilities of discontinued operations 0 78,138
Total current liabilities 2,503,522 2,138,848
Long-term deferred revenue 0 5,340,708
Commitments and contingencies (Note 10)
Stockholders' equity:    
Common stock, $.001 par value; 10,000,000 shares authorized; 7,738,167 and 7,600,167 shares issued, 7,275,902 and 7,189,233 outstanding at December 31, 2018 and 2017, respectively 7,738 7,600
Additional paid-in capital 36,302,446 33,468,323
Retained earnings 72,176,719 41,939,115
Treasury stock, 462,265 and 410,934 shares at cost as of December 31, 2018 and 2017 (10,898,383) (7,898,200)
Total stockholders' equity 97,588,520 67,516,838
Total liabilities and stockholders' equity 100,092,042 74,996,394
Series A Preferred Stock [Member]    
Stockholders' equity:    
Series A Preferred stock, $.50 par value, 700,000 shares authorized; none outstanding $ 0 $ 0