XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES:        
TOTAL REVENUES $ 6,462,110 $ 5,111,172 $ 15,186,469 $ 11,970,755
COSTS AND EXPENSES:        
Cost of product sales 4,039,696 5,670,737 7,588,137 10,045,179
Research and development expenses 2,796,981 1,922,306 5,660,319 3,881,159
Selling, general and administrative expenses 6,001,353 4,397,593 12,086,422 8,554,234
Asset impairment, restructuring, severance and related costs 1,961,156 387,540 2,044,243 1,110,658
Acquisition costs 0 0 0 63,497
TOTAL COSTS AND EXPENSES 14,799,186 12,378,176 27,379,121 23,654,727
LOSS FROM OPERATIONS (8,337,076) (7,267,004) (12,192,652) (11,683,972)
OTHER EXPENSE:        
Interest expense, net (727,374) (712,052) (1,439,851) (1,374,192)
LOSS BEFORE INCOME TAXES (9,064,450) (7,979,056) (13,632,503) (13,058,164)
Income tax benefit 65 135,259 67,955 214,818
NET LOSS $ (9,064,385) $ (7,843,797) $ (13,564,548) $ (12,843,346)
Basic loss per share (in dollars per share) $ (0.45) $ (0.42) $ (0.67) $ (0.71)
Diluted loss per share (in dollars per share) $ (0.45) $ (0.42) $ (0.67) $ (0.71)
Weighted average number of shares outstanding, basic (in shares) 20,219,617 18,868,144 20,191,657 18,032,723
Weighted average number of shares outstanding, diluted (in shares) 20,219,617 18,868,144 20,191,657 18,032,723
Net Product Sales [Member]        
REVENUES:        
TOTAL REVENUES $ 3,931,383 $ 3,791,574 $ 7,956,045 $ 9,508,166
R&D Revenue [Member]        
REVENUES:        
TOTAL REVENUES 727 1,193,973 1,107,366 2,101,660
Government Grant Income [Member]        
REVENUES:        
TOTAL REVENUES 2,280,000 0 5,630,000 0
License and Royalty Revenue [Member]        
REVENUES:        
TOTAL REVENUES $ 250,000 $ 125,625 $ 493,058 $ 360,929