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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
REVENUES:    
Net product sales $ 27,515,786 $ 24,327,355
License and royalty revenue 4,906 0
R&D, milestone and grant revenue 2,028,917 1,283,240
TOTAL REVENUES 29,549,609 25,610,595
Cost of product sales 17,249,450 14,820,604
GROSS MARGIN 12,300,159 10,789,991
OPERATING EXPENSES:    
Research and development expenses 5,834,249 4,486,302
Selling, general and administrative expenses 5,461,083 4,851,587
TOTAL OPERATING EXPENSES 11,295,332 9,337,889
INCOME FROM OPERATIONS 1,004,827 1,452,102
OTHER INCOME (EXPENSES):    
Interest income 5,778 7,911
Gain (Loss) on Sale of fixed assets 7,500 0
Interest expense (335) (9,495)
TOTAL OTHER INCOME (EXPENSES) 12,943 (1,584)
INCOME BEFORE INCOME TAXES 1,017,770 1,450,518
Income tax provision (benefit) 486,952 509,237
NET INCOME $ 530,818 $ 941,281
Basic earnings per share (in dollars per share) $ 0.06 $ 0.12
Diluted earnings (loss) per share (in dollars per share) $ 0.06 $ 0.11
Weighted average number of shares outstanding, basic (in shares) 8,994,080 7,986,030
Weighted average number of shares outstanding, diluted (in shares) 9,519,968 8,614,944