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Geographic Infomation
6 Months Ended
Jun. 30, 2011
GEOGRAPHIC INFORMATION [Abstract]  
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]
GEOGRAPHIC INFORMATION:
The Company and its subsidiaries are engaged in one line of business, the development, licensing, manufacturing and sale of pharmaceutical products. The Company conducts its international business through its Bermuda subsidiary which contracts with various manufacturers located in the United Kingdom, Switzerland and Italy, to make product for both its international and domestic operations. The Company’s international customers, Merck Serono and The Urology Company, sell its products into several countries.
As of July 2, 2010, with the completion of the Watson Transactions, Watson is responsible for the commercialization and sale of Progesterone Products domestically. The Company supplies Watson with finished products on a cost-plus-10% basis.
The following table shows selected information by geographic area:
 
 
Net
Revenues
 
Identifiable
Assets
As of and for the six months ended June 30, 2011
 
 
 
United States
$
24,705,931


 
$
29,753,248


Switzerland
7,032,527


 
4,967,415


Other countries


 
926,572


Total
$
31,738,458


 
$
35,647,235


As of and for the six months ended June 30, 2010
 
 
 
United States
$
10,744,125


 
$
46,355,624


Switzerland
5,400,948


 
3,903,520


Other countries
476,911


 
620,064


Total
$
16,621,984


 
$
50,879,208