Geographic Infomation

3 Months Ended

Mar. 31, 2012

Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]

GEOGRAPHIC INFORMATION:

The Company and its subsidiaries are engaged in one line of business, the development, licensing, manufacturing and sale of pharmaceutical products. The Company conducts its international business through its Bermuda subsidiary which contracts with various manufacturers located in the United Kingdom, Switzerland and Italy, to make product for both its international and domestic operations. The Company’s international customers, Merck Serono and The Urology Company, sell its products into several countries.

As of July 2, 2010, with the completion of the Watson Transactions, Watson is responsible for the commercialization and sale of Progesterone Products domestically. The Company supplies Watson with finished products on a cost-plus-10% basis.

The following table shows selected information by geographic area:



	Net Revenues		Identifiable Assets
As of and for the three months ended March 31, 2012
United States	$	1,052,028	$	25,245,555
Switzerland	2,781,513		4,835,698
Other countries	—		4,171,962
Total	$	3,833,541	$	34,253,215
As of and for the three months ended March 31, 2011
United States	$	9,810,525	$	23,419,518
Switzerland	2,683,814		2,076,550
Other countries	—		2,322,415
Total	$	12,494,339	$	27,818,483