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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES:        
Net product sales $ 4,745,094 $ 5,526,883 $ 16,919,436 $ 11,516,325
License and royalty revenue 0 25,000 0 125,322
R&D, milestone and grant revenue 262,292 369,904 825,093 1,529,972
TOTAL REVENUES 5,007,386 5,921,787 17,744,529 13,171,619
Cost of product sales 3,278,471 3,251,054 10,112,127 6,524,266
GROSS MARGIN 1,728,915 2,670,733 7,632,402 6,647,353
OPERATING EXPENSES:        
Research and development expenses 1,005,645 1,242,295 3,363,819 3,697,309
Selling, general and administrative expenses 1,208,383 949,237 3,521,552 2,412,867
Total Operating Expenses 2,214,028 2,191,532 6,885,371 6,110,176
INCOME (LOSS) FROM OPERATIONS (485,113) 479,201 747,031 537,177
OTHER INCOME (EXPENSES):        
Interest income 2,269 1,278 5,386 4,315
Interest expense (2,815) (4,874) (7,573) (13,345)
TOTAL INCOME (EXPENSES) (546) (3,596) (2,187) (9,030)
INCOME (LOSS) BEFORE INCOME TAXES (485,659) 475,605 744,844 528,147
Income tax provision (benefit) (193,310) 0 295,220 0
NET INCOME (LOSS) $ (292,349) $ 475,605 $ 449,624 $ 528,147
Basic earnings (loss) per share (in dollars per share) $ (0.04) $ 0.06 $ 0.06 $ 0.07
Diluted earnings (loss) per share (in dollars per share) $ (0.04) $ 0.06 $ 0.05 $ 0.06
Weighted average number of shares outstanding, basic (in shares) 8,001,472 7,913,081 7,974,447 7,860,904
Weighted average number of shares outstanding, diluted (in shares) 8,001,472 8,508,740 8,616,917 8,644,940