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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues    
License fees $ 11,153 $ 7,959
Royalty income 0 16,185
Product sales, net 90,891 35,861
Total Revenues 102,044 60,005
Costs and Expenses    
Cost of goods sold 40,889 16,734
Research and development 165,285 192,960
Selling, general and administrative 260,690 476,299
Amortization of intangible assets 117,161 118,463
Depreciation 65,388 75,261
Total Costs and Expenses 649,413 879,717
OPERATING (LOSS) (547,369) (819,712)
Other Income (Expense)    
Interest and miscellaneous income 22,465 1,654
Interest expense (131,686) (25,351)
Equity in earnings (loss) of unconsolidated subsidiary 0 0
(LOSS) Before Income Taxes (656,590) (843,409)
Income taxes 0 0
NET (LOSS) (656,590) (843,409)
Less preferred stock dividends (12,021) (10,726)
NET (LOSS) Allocable to Common Stockholders $ (668,611) $ (854,135)
Basic and diluted net (loss) per common share (in dollars per share) $ (0.06) $ (0.11)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in shares) 11,657,123 7,962,421