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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUES:      
Net product sales $ 19,322,302 $ 13,680,107 $ 21,886,688
License and royalty revenue 741,534 449,685 52,753
R&D, milestone and grant revenue 3,951,591 3,739,049 2,316,044
TOTAL REVENUES 24,015,427 17,868,841 24,255,485
COSTS AND EXPENSES:      
Cost of product sales 12,921,157 9,417,505 13,768,658
Research and development expenses 8,555,381 8,427,554 6,377,839
Selling, general and administrative expenses 9,021,439 7,595,559 7,663,035
TOTAL OPERATING EXPENSES 30,497,977 25,440,618 27,809,532
LOSS FROM OPERATIONS (6,482,550) (7,571,777) (3,554,047)
OTHER INCOME (EXPENSE):      
Other expense 0 0 (4,814)
Interest income 25,430 25,548 2,412
Interest expense (2,945) 0 (836)
TOTAL OTHER INCOME 22,485 25,548 (3,238)
LOSS BEFORE INCOME TAXES (BENEFIT) (6,460,065) (7,546,229) (3,557,285)
Income tax provision (benefit) (88,305) 5,800,818 (1,160,243)
NET LOSS $ (6,371,760) $ (13,347,047) $ (2,397,042)
Basic loss per share (in dollars per share) $ (0.52) $ (1.26) $ (0.25)
Diluted loss per share (in dollars per share) $ (0.52) $ (1.26) $ (0.25)
Weighted average number of shares outstanding, basic (in shares) 12,300,031 10,622,331 9,626,028
Weighted average number of shares outstanding, diluted (in shares) 12,300,031 10,622,331 9,626,028