XML 61 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) (USD $) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Net revenues $ 17,381,984 $ 20,573,401 $ 36,433,536 $ 42,651,274
Costs and operating expenses:        
Cost of product sales 8,704,669 11,162,350 18,660,619 24,239,797
Selling, general and administrative expense 13,743,559 13,141,447 27,367,009 27,220,635
Research and development expense 345,579 1,792,184 1,314,433 2,999,300
Depreciation and amortization expense 1,969,159 2,276,992 4,159,626 4,101,700
Loss on disposal of equipment 152,720 4,880 152,720 4,880
Loss on sale of PML (including impairment charge) 215,401    6,672,367   
Total costs and operating expenses 25,131,087 28,377,853 58,326,774 58,566,312
Loss from operations (7,749,103) (7,804,452) (21,893,238) (15,915,038)
Other income (expense):        
Change in fair value of put right    (1,830,062)    (3,970,789)
Change in fair value of contingent consideration          283,000
Interest expense, net (2,233,082) (1,632,569) (3,497,334) (2,709,184)
Gain on sale of investment    3,605,263    3,605,263
Total loss income, net (2,233,082) 142,632 (3,497,334) (2,791,710)
Loss before income taxes (9,982,185) (7,661,820) (25,390,572) (18,706,748)
Income tax benefit 3,749,000 1,985,000 9,615,000 5,119,000
Net loss (6,233,185) (5,676,820) (15,775,572) (13,587,748)
Other comprehensive (loss) income        
Unrealized gains during period, net of tax of $437,900 and ($411,000) for the three and six months ended June 30, 2013, respectively    746,645    (702,000)
Reclassification adjustment for net realized gain included in net loss, net of tax of ($1,322,000) for both the three and six months ended June 30, 2013    (2,273,118)    (2,273,118)
Comprehensive loss $ (6,233,185) $ (7,203,293) $ (15,775,572) $ (16,562,866)
Net Loss per share, basic $ (0.16) $ (0.15) $ (0.42) $ (0.38)
Net Loss per share, diluted $ (0.16) $ (0.15) $ (0.42) $ (0.38)
Weighted-average common shares, basic 37,828,218 37,114,717 37,551,144 35,738,469
Weighted-average common shares, diluted 37,828,218 37,114,717 37,551,144 35,738,469