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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES:        
Net product sales $ 2,892,942 $ 2,034,072 $ 8,320,314 $ 7,951,091
License and Royalty Revenue 227,635 33,895 327,689 56,096
R&D, milestone and grant revenue 994,237 1,198,438 1,791,977 1,860,317
TOTAL REVENUES 4,114,814 3,266,405 10,439,980 9,867,504
Cost of product sales 2,203,843 1,686,100 5,423,057 5,121,651
GROSS MARGIN 1,910,971 1,580,305 5,016,923 4,745,853
OPERATING EXPENSES:        
Research and development expenses 1,982,426 2,367,466 4,228,998 4,001,764
Selling, general and administrative expenses 2,109,360 1,598,813 4,597,696 3,598,217
TOTAL OPERATING EXPENSES 4,091,786 3,966,279 8,826,694 7,599,981
LOSS FROM OPERATIONS (2,180,815) (2,385,974) (3,809,771) (2,854,128)
OTHER INCOME:        
Interest income 7,722 1,310 21,104 3,874
TOTAL OTHER INCOME 7,722 1,310 21,104 3,874
LOSS BEFORE INCOME TAXES (2,173,093) (2,384,664) (3,788,667) (2,850,254)
Income tax provision 0 5,962,818 0 5,800,818
NET LOSS $ (2,173,093) $ (8,347,482) $ (3,788,667) $ (8,651,072)
Basic loss per share (in dollars per share) $ (0.18) $ (0.86) $ (0.31) $ (0.90)
Diluted loss per share (in dollars per share) $ (0.18) $ (0.86) $ (0.31) $ (0.90)
Weighted average number of shares outstanding, basic (in shares) 12,299,122 9,667,543 12,284,979 9,649,612
Weighted average number of shares outstanding, diluted (in shares) 12,299,122 9,667,543 12,284,979 9,649,612