XML 67 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Revenues    
License fees $ 40,563 $ 22,843
Royalty income 49,918 68,656
Product sales, net 280,113 393,037
Total Revenues 370,594 484,536
Costs and Expenses    
Cost of goods sold 243,538 203,154
Research and development 832,931 946,553
Selling, general and administrative 1,791,221 2,276,806
Amortization of intangible assets 476,450 769,132
Depreciation 291,274 303,024
Total Costs and Expenses 3,635,414 4,498,669
Operating (Loss) (3,264,820) (4,014,133)
Other Income (Expense)    
Interest and miscellaneous income 61,719 11,341
Interest expense (328,248) (67,300)
Equity in earnings (loss) of unconsolidated subsidiary 0 0
(Loss) Before Income Taxes (3,531,349) (4,070,092)
Income taxes 0 0
Net (Loss) (3,531,349) (4,070,092)
Less preferred stock dividends (47,456) (4,387)
Net (Loss) Allocable to Common Stockholders $ (3,578,805) $ (4,074,479)
Basic and diluted net (loss) per common share (in dollars per share) $ (0.42) $ (0.67)
Weighted average number of common shares outstanding (in shares) 8,493,703 6,065,615