DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2013

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Valuation and Qualifying Accounts Disclosure

The following table summarizes activity in the balance sheet for accruals and allowances for the six months ended June 30, 2013 and 2012, respectively:

					Administrative		Prompt
					Fees and Other		Payment
	Chargebacks		Returns		Rebates		Discounts
Balance at January 1, 2013	$	5,661,974	$	410,992	$	230,575	$	241,840
Accruals/adjustments		12,182,822		853,307		850,616		430,549
Credits taken against reserve		(13,002,416)		(914,536)		(552,937)		(449,197)
Balance at June 30, 2013	$	4,842,380	$	349,763	$	528,254	$	223,192

					Administrative		Prompt
					Fees and Other		Payment
	Chargebacks		Returns		Rebates		Discounts
Balance at January 1, 2012	$	3,680,838	$	252,045	$	238,195	$	166,439
Accruals/adjustments		9,708,956		291,602		493,945		323,914
Credits taken against reserve		(8,767,115)		(245,057)		(473,674)		(247,665)
Balance at June 30, 2012	$	4,622,679	$	298,590	$	258,466	$	242,688