Nature of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Company's Customers Accounts Receivable

The following table lists the Company’s customers that individually comprise greater than 10% of total accounts receivable:


	December 31,
Customer	2014			2013
Customer A		28	%		—
Customer B		24	%		—
Customer C		20	%		—
Customer D		14	%		—
Customer E		—			100	%

Total		86	%		100	%

Summary of Inventories

Inventory is composed of the following at December 31:


	2014		2013
Raw Materials & Supplies		544		—
Work-in-process		523		—
Finished Goods		761		—

Total Inventories		1,828		—

Intangible Assets with Finite Useful Lives, Amortized Over Estimated Useful Lives

Intangible assets with finite useful lives are amortized over the estimated useful lives as follows:


		Estimated Useful Lives
Licenses		14 years
U.S. Product rights		10-12 years
EU Product rights		11 years

Reconciliation of the Numerators and Denominators of the Basic and Diluted Earnings Per Common Share Computations

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the years ended December 31:


	2014			2013			2012
	(U.S. dollars, in thousands, except share and per share amounts)
Basic:
Net (loss) income attributable to common stockholders	$	(54,218	)	$	(57,394	)	$	1,652
Weighted average common shares outstanding		48,355,200			37,941,044			30,546,581

Basic earnings per common share	$	(1.12	)	$	(1.51	)	$	0.05

Diluted:
Effect of dilutive securities:
Net (loss) income attributable to common stockholders		(54,218	)		(57,394	)		1,652
Adjustments to income for dilutive options and warrants		—			—			—

		(54,218	)		(57,394	)		1,652
Weighted average common shares outstanding		48,355,200			37,941,044			30,546,581
Effect of dilutive options and warrants		—			—			142,654

Diluted weighted average common shares outstanding		48,355,200			37,941,044			30,689,235

Diluted earnings per common share	$	(1.12	)	$	(1.51	)	$	0.05

Black Scholes Options-Pricing Model, Assumptions

In applying the Black-Scholes options-pricing model, assumptions are as follows:


	2014	2013	2012
Expected price volatility	73.00%-78.05%	77.59%-81.65%	81.96%-83.69%
Risk-free interest rate	1.58%-1.70%	0.70%-1.60%	0.62%-1.02%
Weighted average expected life in years	6 years	5-6 years	5-6 years
Dividend yield	—	—	—