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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES:        
Net product sales $ 6,209,625 $ 7,247,881 $ 18,145,864 $ 19,400,515
R&D, milestone and grant revenue 658,665 57,946 1,654,788 1,133,850
License and Maintenance Revenue 19,084 8,482 34,017 15,613
TOTAL REVENUES 6,887,374 7,314,309 19,834,669 20,549,978
Cost of product sales 3,976,840 4,663,919 11,218,385 12,644,427
GROSS MARGIN 2,910,534 2,650,390 8,616,284 7,905,551
OPERATING EXPENSES:        
Research and development expenses 1,570,044 972,439 4,911,587 3,438,714
Selling, general and administrative expenses 1,919,551 1,940,424 6,057,221 5,344,914
TOTAL OPERATING EXPENSES 3,489,595 2,912,863 10,968,808 8,783,628
(LOSS) FROM OPERATIONS (579,061) (262,473) (2,352,524) (878,077)
OTHER INCOME:        
(Loss) gain on sale of fixed asset 0 0 0 (5,707)
Interest income 353 1,136 1,844 4,527
Interest expense (749) 0 (749) 0
TOTAL OTHER INCOME (EXPENSES) (396) 1,136 1,095 (1,180)
(LOSS) BEFORE INCOME TAXES (579,457) (261,337) (2,351,429) (879,257)
Income tax (benefit) (142,300) 9,284 (603,370) (237,916)
NET (LOSS) $ (437,157) $ (270,621) $ (1,748,059) $ (641,341)
Basic (loss) per share $ (0.05) $ (0.03) $ (0.18) $ (0.07)
Diluted (loss) per share $ (0.05) $ (0.03) $ (0.18) $ (0.07)
Weighted average number of shares outstanding, basic (in shares) 9,628,248 9,611,139 9,625,282 9,503,084
Weighted average number of shares outstanding, diluted (in shares) 9,628,248 9,611,139 9,625,282 9,503,084