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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES:      
Net sales $ 13,680,107 $ 21,886,688 $ 25,949,769
License and royalty revenue 449,685 52,753 23,257
R&D, milestone and grant revenue 3,739,049 2,316,044 1,672,258
TOTAL REVENUES 17,868,841 24,255,485 27,645,284
Cost of product sales 9,417,505 13,768,658 16,831,261
GROSS MARGIN 8,451,336 10,486,827 10,814,023
OPERATING EXPENSES:      
Research and development expenses 8,427,554 6,377,839 4,832,537
Selling, general and administrative expenses 7,595,559 7,663,035 7,531,739
TOTAL OPERATING EXPENSES 16,023,113 14,040,874 12,364,276
LOSS FROM OPERATIONS (7,571,777) (3,554,047) (1,550,253)
OTHER INCOME (EXPENSE):      
Other expense 0 (4,814) (5,707)
Interest income 25,548 2,412 5,839
Interest expense 0 (836) 0
TOTAL OTHER INCOME (EXPENSE) 25,548 (3,238) 132
LOSS BEFORE INCOME TAXES (BENEFIT) (7,546,229) (3,557,285) (1,550,121)
Income tax provision (benefit) 5,800,818 (1,160,243) (412,918)
NET LOSS $ (13,347,047) $ (2,397,042) $ (1,137,203)
Basic loss per share (in dollars per share) $ (1.26) $ (0.25) $ (0.12)
Diluted loss per share (in dollars per share) $ (1.26) $ (0.25) $ (0.12)
Weighted average number of shares outstanding, basic (in shares) 10,622,331 9,626,028 9,530,320
Weighted average number of shares outstanding, diluted (in shares) 10,622,331 9,626,028 9,530,320