XML 70 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Revenues    
License fees $ 48,688 $ 40,563
Royalty income 30,016 49,918
Product sales, net 291,864 280,113
Total Revenues 370,568 370,594
Costs and Expenses    
Cost of goods sold 222,122 243,538
Research and development 788,242 832,931
Selling, general and administrative 1,288,050 1,791,221
Amortization of intangible assets 475,148 476,450
Depreciation 244,704 291,274
Total Costs and Expenses 3,018,266 3,635,414
Operating (loss) (2,647,698) (3,264,820)
Other Income (Expense)    
Interest and miscellaneous income 69,686 61,719
Interest expense (506,529) (328,248)
Equity in earnings (loss) of unconsolidated subsidiary 0 0
Gain on sale of equipment 3,627 0
(Loss) Before Income Taxes (3,080,914) (3,531,349)
Income taxes 0 0
Net (loss) (3,080,914) (3,531,349)
Less preferred stock dividends (30,236) (47,456)
Net (loss) allocable to common stockholders $ (3,111,150) $ (3,578,805)
Basic and diluted net (loss) per common share (in dollars per share) $ (0.21) $ (0.42)
Weighted average number of common shares outstanding (in shares) 14,772,578 8,493,703