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Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2012
Related Party Transactions [Abstract]  
Schedule of related party transactions
The table below presents the transactions between the Company and Actavis for the year ended, December 31, 2012, 2011 and 2010;
 
 
2012
 
2011
 
2010
REVENUES
 
 
 
 
 
 
Net product revenues
$
4,304,519

$
3,201,464

$
2,015,584

 
 
 
 
 
 
 
Royalties
 
3,079,379

 
2,650,831

 
1,051,184

 
 
 
 
 
 
 
Other revenue (amortization of
 
 
 
 
 
 
deferred revenue and $5MM milestone payment in 2011)
 
—

 
21,974,383

 
17,067,649

Total net revenues
 
7,383,898

 
27,826,678

 
20,134,417

 
 
 
 
 
 
 
COST OF PRODUCT REVENUES
 
 
 
 
 
 
Cost of product revenues
 
3,913,199

 
2,874,873

 
1,357,098

Gross profit
$
3,470,699

$
24,951,805

 
18,777,319

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accounts receivable
$
2,263,508

$
1,760,304

 
2,101,161

 
 
 
 
 
 
 
Accounts payable
$
69,017

$
503,763

$
275,885