XML 54 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income (loss) $ 4,602,924 $ (1,481,611)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,592,824 1,212,489
Stock-based compensation expense 743,947 781,645
Fair value adjustments to contingent consideration 339,433  
Gain on bargain purchase (314,244)  
Loss on disposal of assets   5,597
Changes in assets and liabilities:    
Accounts receivable (4,672,351) (2,849,296)
Royalties receivable (755,864) (42,858)
Inventories 3,036,051 (522,515)
Prepaid expenses and other current assets 247,093 1,262,077
Accounts payable 309,710 (118,734)
Accrued liabilities 1,087,295 671,455
Long-term liabilities (1,006,654) (36,674)
Net cash provided by (used in) operating activities 6,210,164 (1,118,425)
Cash flows from investing activities:    
Purchases of marketable securities (36,337,643) (65,381,613)
Redemptions of marketable securities 36,863,333 68,100,987
Purchases of property, plant and equipment (825,061) (545,318)
Net cash (used in) provided by investing activities (299,371) 2,174,056
Cash flows from financing activities:    
Exercise of stock options 886,704 69,239
Repurchase of common stock   (419,267)
Net cash provided by (used in) financing activities 886,704 (350,028)
Effect of exchange rate changes on cash and cash equivalents 424,735  
Net increase in cash and cash equivalents 7,222,232 705,603
Cash and cash equivalents, beginning of period 11,167,745 9,794,509
Cash and cash equivalents, end of period $ 18,389,977 $ 10,500,112