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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
License fees $ 11,400 $ 11,400 $ 33,827 $ 29,163
Royalty income 10,276 16,633 10,276 49,918
Product sales, net 88,904 60,889 197,405 126,057
Total Revenues 110,580 88,922 241,508 205,138
Costs and Expenses        
Cost of goods sold 60,245 113,415 104,236 135,745
Research and development 201,244 152,985 577,712 517,196
Selling, general and administrative 302,093 375,767 914,509 1,365,836
Amortization of intangible assets 119,763 119,763 355,385 356,687
Depreciation 59,688 75,219 185,536 225,691
Total Costs and Expenses 743,033 837,149 2,137,378 2,601,155
Operating (Loss) (632,453) (748,227) (1,895,870) (2,396,017)
Other Income (Expense)        
Interest and miscellaneous income 15,088 30,720 55,564 33,745
Interest expense (125,904) (134,218) (385,965) (191,008)
Equity in earnings (loss) of unconsolidated subsidiary 0 0 0 0
Gain on sale of equipment 0 0 3,627 0
(Loss) Before Income Taxes (743,269) (851,725) (2,222,644) (2,553,280)
Income taxes 0 0 0 0
Net (Loss) (743,269) (851,725) (2,222,644) (2,553,280)
Less preferred stock dividends (6,061) (12,288) (30,236) (35,168)
Net (Loss) Allocable to Common Stockholders $ (749,330) $ (864,013) $ (2,252,880) $ (2,588,448)
Basic and diluted net (loss) per common share (in dollars per share) $ (0.05) $ (0.10) $ (0.16) $ (0.32)
Weighted average number of common shares outstanding (in shares) 15,659,822 8,267,755 13,677,186 8,106,117