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Consolidated Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Net sales $ 18,219 $ 21,998 $ 34,508
Royalties 9,155,654 6,314,959 2,320,729
Licensing revenue 1,971,205 5,012,102 3,026,111
Consulting fees 0 46,667 280,000
Total revenues 11,145,078 11,395,726 5,661,348
Costs and expenses:      
Research and development 1,249,755 972,078 1,223,931
General and administrative 4,774,828 5,231,881 6,470,449
Total costs and expenses 6,024,583 6,203,959 7,694,380
Operating income (loss) 5,120,495 5,191,767 (2,033,032)
Other income (expense):      
Interest income 34,634 55,780 86,310
Other 0 15,823 13,130
Qualifying Therapeutic Discovery Grant 0 0 426,403
Total other income (expense) 34,634 71,603 525,843
Income (loss) before benefit (expense) for income tax 5,155,129 5,263,370 (1,507,189)
Income tax benefit (expense) (2,174,054) 1,338,256 (1,351)
Net income (loss) $ 2,981,075 $ 6,601,626 $ (1,508,540)
Basic net income (loss) per share (in dollars per share) $ 0.47 $ 1.04 $ (0.24)
Diluted net income (loss) per share (in dollars per share) $ 0.43 $ 0.95 $ (0.24)
Shares used in computation of basic net income (loss) per share (in shares) 6,351,245 6,340,648 6,261,214
Shares used in computation of diluted net income (loss) per share (in shares) 6,981,527 6,952,386 6,261,214