XML 19 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (unaudited) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Net sales $ 7,504 $ 5,892
Royalties 1,899,969 945,081
Licensing revenue 679,275 859,275
Consulting fees 0 46,667
Total revenues 2,586,748 1,856,915
Costs and expenses:    
Research and development 249,552 212,066
General and administrative 1,088,722 1,509,526
Total Cost and Expenses 1,338,274 1,721,592
Operating income 1,248,474 135,323
Other income:    
Interest income 9,493 16,560
Income before expense for income tax 1,257,967 151,883
Income tax benefit (expense) (515,577) 3,539,240
Net income $ 742,390 $ 3,691,123
Basic net income per share (in dollars per share) $ 0.12 $ 0.59
Diluted net income per share (in dollars per share) $ 0.11 $ 0.51
Shares used in computation of basic net income per share (in shares) 6,336,503 6,293,868
Shares used in computation of diluted net income per share (in shares) 6,969,936 7,203,324