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Condensed Consolidated Income Statements (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Total Revenues $ 8,129,141 $ 7,089,409
Costs and expenses:    
Research and development 149,536 195,227
General and administrative 2,907,160 2,069,633
Total Costs and Expenses 3,056,696 2,264,860
Operating income 5,072,445 4,824,549
Other income:    
Interest income 449,425 217,951
Other income 0 14,678
Total other income 449,425 232,629
Income before income tax expense 5,521,870 5,057,178
Provision for income tax expense (1,105,275) (1,078,574)
Net income $ 4,416,595 $ 3,978,604
Basic net income per share (in dollars per share) $ 0.61 $ 0.55
Diluted net income per share (in dollars per share) $ 0.60 $ 0.54
Shares used in computation of basic net income per share (in shares) 7,276,885 7,192,900
Shares used in computation of diluted net income per share (in shares) 7,338,128 7,303,336
Royalties [Member]    
Revenues:    
Total Revenues $ 8,129,141 $ 7,085,000
Licensing Revenues [Member]    
Revenues:    
Total Revenues $ 0 $ 4,409