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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
License fees $ 11,274 $ 9,804 $ 22,427 $ 17,763
Royalty income 0 17,101 0 33,285
Product sales, net 17,610 29,306 108,501 65,168
Total Revenues 28,884 56,211 130,928 116,216
Costs and Expenses        
Cost of goods sold 3,102 5,595 43,991 22,329
Research and development 211,183 171,252 376,468 364,211
Selling, general and administrative 351,726 513,769 612,416 990,069
Amortization of intangible assets 118,461 118,461 235,622 236,924
Depreciation 60,460 75,212 125,848 150,473
Total Costs and Expenses 744,932 884,289 1,394,345 1,764,006
Operating (Loss) (716,048) (828,078) (1,263,417) (1,647,790)
Other Income (Expense)        
Interest and miscellaneous income 18,011 1,371 40,476 3,025
Interest expense (128,375) (31,439) (260,061) (56,790)
Equity in earnings (loss) of unconsolidated subsidiary 0 0 0 0
Gain on sale of equipment 3,627 0 3,627 0
(Loss) Before Income Taxes (822,785) (858,146) (1,479,375) (1,701,555)
Income taxes 0 0 0 0
Net (Loss) (822,785) (858,146) (1,479,375) (1,701,555)
Less preferred stock dividends (12,154) (12,154) (24,175) (22,880)
Net (Loss) Allocable to Common Stockholders $ (834,939) $ (870,300) $ (1,503,550) $ (1,724,435)
Basic and diluted net (loss) per common share (in dollars per share) $ (0.06) $ (0.11) $ (0.12) $ (0.21)
Weighted average number of common shares outstanding (in shares) 13,670,628 8,086,398 12,669,437 8,024,409