XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
REVENUES:    
Net product sales $ 6,313,190 $ 6,363,152
R&D, milestone and grant revenue 364,963 290,100
TOTAL REVENUES 6,678,153 6,653,252
Cost of product sales 3,984,263 3,320,388
GROSS MARGIN 2,693,890 3,332,864
OPERATING EXPENSES:    
Research and development expenses 1,045,259 1,379,131
Selling, general and administrative expenses 1,162,080 1,233,968
TOTAL OPERATING EXPENSES 2,207,339 2,613,099
INCOME FROM OPERATIONS 486,551 719,765
OTHER INCOME (EXPENSES):    
Interest income 1,337 1,519
Interest expense (335) (2,441)
TOTAL OTHER INCOME (EXPENSES) 1,002 (922)
INCOME BEFORE INCOME TAXES 487,553 718,843
Income tax provision 170,430 285,400
NET INCOME $ 317,123 $ 433,443
Basic earnings per share (in dollars per share) $ 0.04 $ 0.05
Diluted earnings per share (in dollars per share) $ 0.04 $ 0.05
Weighted average number of shares outstanding, basic (in shares) 8,062,984 7,934,331
Weighted average number of shares outstanding, diluted (in shares) 8,699,209 8,512,374