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Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2012
RELATED PARTY TRANSACTION [Abstract]  
Schedule of related party transactions
The table below presents the transactions between the Company and Watson.
 
Nine Months Ended
September 30,
 
Three Months Ended
September 30,
 
2012
 
2011
 
2012
 
2011
REVENUES
 

 
 

 
 
 
 
Net product revenues
$
3,590,073

 
$
1,513,296

 
$
1,426,890

 
$
574,956

Royalties
2,232,397

 
1,845,154

 
904,839

 
702,336

Amortization of deferred revenue

 
16,974,383

 

 

Milestone payment

 
5,000,000

 

 

Total net revenues
$
5,822,470

 
$
25,332,833

 
$
2,331,729

 
$
1,277,292

 
 
 
 
 
 
 
 
COST OF PRODUCT REVENUES
 

 
 

 
 
 
 
Cost of product revenues
3,263,376

 
1,453,720

 
1,297,043

 
636,232

Gross profit
$
2,559,094

 
$
23,879,113

 
$
1,034,686

 
$
641,060

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accounts receivable
$
1,622,278

 
$
932,052

 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable
$
17,313

 
$
83,792