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Consolidated Statements of Operations (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Net sales$ 1,683$ 5,183$ 13,457$ 32,328
Royalties1,810,436819,6394,461,6831,358,773
Licensing revenues109,276109,2754,265,3272,916,835
Consulting fees070,00046,667210,000
Total Revenues1,921,3951,004,0978,787,1344,517,936
Costs and expenses:    
Research and development224,150216,571707,0151,258,187
General and administrative1,245,1451,289,3104,172,6874,969,653
Total Cost and Expenses1,469,2951,505,8814,879,7026,227,840
Operating income (loss)452,100(501,784)3,907,432(1,709,904)
Other income (expense):    
Interest income7,81317,48741,06169,262
Other income (expense)0014,4790
Total Other income (expense)7,81317,48755,54069,262
Income (loss) before expense for income tax459,913(484,297)3,962,972(1,640,642)
Income tax benefit (expense)(190,077)02,567,328(8,067)
Net income (loss)$ 269,836$ (484,297)$ 6,530,300$ (1,648,709)
Basic net income (loss) per share (in dollars per share)$ 0.04$ (0.08)$ 1.03$ (0.26)
Diluted net income (loss) per share (in dollars per share)$ 0.04$ (0.08)$ 0.92$ (0.26)
Shares used in computation of basic net income (loss) per share (in shares)6,362,9516,275,7586,337,2376,254,792
Shares used in computation of diluted net income (loss) per share (in shares)7,085,9456,275,7587,133,3416,254,792