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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES    
License fees$ 6,184$ 4,370$ 18,349$ 150,283
Royalty income18,86123,10451,528132,473
Product sales, net48,60734,143159,132245,725
Total Revenues73,65261,617229,009528,481
COSTS AND EXPENSES    
Cost of goods sold11,0656,41635,545143,259
Research and development233,087295,781749,049948,960
Selling, general and administrative566,541666,2051,779,0452,405,123
Amortization of intangible assets206,454206,454612,632699,252
Depreciation75,35979,073227,665179,053
Total Costs and Expenses1,092,5061,253,9293,403,9364,375,647
OPERATING (LOSS)(1,018,854)(1,192,312)(3,174,927)(3,847,166)
Other Income (Expense)    
Interest and miscellaneous income1,8574,8409,4855,555
Interest expense(22,545)(20,650)(48,839)(37,138)
Loss on sale of intangible asset000(857,839)
(LOSS) Before Income Taxes(1,039,542)(1,208,122)(3,214,281)(4,736,588)
Income taxes0000
NET (LOSS)(1,039,542)(1,208,122)(3,214,281)(4,736,588)
Less preferred stock dividends(462)0(462)0
NET (LOSS) Allocable to Common Stockholders$ (1,040,004)$ (1,208,122)$ (3,214,743)$ (4,736,588)
Basic and diluted net (loss) per common share (in dollars per share)$ (0.18)$ (0.22)$ (0.55)$ (0.87)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in shares)5,928,0845,472,2885,850,9005,423,076