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NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)
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3 Months Ended | 6 Months Ended | ||||
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Jun. 30, 2014
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Jun. 30, 2013
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Jun. 30, 2014
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Jun. 30, 2013
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Dec. 31, 2013
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Mar. 31, 2013
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| Royalty Revenue | $ 5,166,000 | $ 1,907,000 | $ 9,657,000 | $ 5,971,000 | ||
| Cash and cash equivalents | 16,579,000 | 18,103,000 | 16,579,000 | 18,103,000 | 18,938,000 | |
| Non-cash compensation expense, CEO | 27,000 | 27,000 | 54,000 | 54,000 | ||
| Non-cash compensation, directors | 33,000 | 12,000 | 33,000 | 24,000 | ||
| Non-cash compensation expense, CFO,directors and consultants | 75,000 | 101,000 | ||||
| Description of stock option exercise | The option was exercised on a cashless basis by delivery of 31,098 shares of common stock. In addition, 16,968 shares were delivered with an aggregate value of $27,828 to fund payroll withholding taxes on exercise, resulting in net shares of 26,934 issued to the Company's Executive Vice President with respect to such option exercise. | |||||
| Percentage of revenue from one licensee out of total revenue (in percent) | 92.00% | 84.00% | ||||
| Net operating loss carryforwards | 22,855,000 | 22,855,000 | ||||
| Future tax benefit | 7,771,000 | 7,771,000 | ||||
| Deferred tax asset | 4,093,000 | 4,093,000 | 5,878,000 | |||
| Income (before taxes) | 2,513,000 | 461,000 | 4,665,000 | 2,516,000 | ||
| Income tax expense | 912,000 | (321,000) | 1,668,000 | 342,000 | ||
| Cash in excess of FDIC limits | $ 16,329,000 | $ 17,583,000 | $ 16,329,000 | $ 17,583,000 | ||
| Potentialy Dilutive Shares | 3,720,000 | 7,587,000 | 3,720,000 | 7,587,000 | 7,587,000 | |
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CEO [Member]
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| Stock option exercise, shares | 1,100,000 | |||||
| Stock option exercise price | $ 0.25 | |||||
| Description of stock option exercise | The option was exercised on a cashless basis by delivery of 143,979 shares of common stock. In addition, 402,963 shares were delivered with an aggregate value of $769,659 to fund payroll withholding taxes on exercise, resulting in net shares of 553,058 issued to the Company's Chief Executive Officer with respect to such option exercise. | |||||
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CEO [Member]
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| Stock option exercise, shares | 417,500 | 1,125,000 | ||||
| Stock option exercise price | $ 0.68 | $ 0.68 | ||||
| Description of stock option exercise | The option was exercised on a cashless basis by delivery of 148,639 shares of common stock. In addition, 113,326 shares were delivered with an aggregate value of $216,451 to fund payroll withholding taxes on exercise, resulting in net shares of 155,536 issued to the Company's Chief Executive Officer with respect to such option exercise. | The option was exercised on a cashless basis by delivery of 396,373 shares of common stock. In addition, 241,540 shares were delivered with an aggregate value of $466,617 to fund payroll withholding taxes on exercise, resulting in net shares of 487,087 issued to the Company's Chief Executive Officer with respect to such option exercise. | ||||
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Employee [Member]
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| Stock option exercise, shares | 52,500 | |||||
| Stock option exercise price | $ 0.68 | |||||
| Description of stock option exercise | The option was exercised on a cashless basis by delivery of 18,497 shares of common stock. In addition, 10,201 shares were delivered with an aggregate value of $19,688 to fund payroll withholding taxes on exercise, resulting in net shares of 23,802 issued to the employee with respect to such option exercise. | |||||
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EVP [Member]
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| Stock option exercise, shares | 75,000 | |||||
| Stock option exercise price | $ 0.68 | |||||
| Description of stock option exercise | The option was exercised on a cashless basis by delivery of 31,098 shares of common stock. In addition, 16,968 shares were delivered with an aggregate value of $27,828 to fund payroll withholding taxes on exercise, resulting in net shares of 26,934 issued to the Company's Executive Vice President with respect to such option exercise. | |||||