XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Net sales $ 1,246 $ 5,882 $ 8,750 $ 11,774
Royalties 2,491,313 1,706,166 4,391,282 2,651,247
Licensing revenues 109,275 3,296,776 788,550 4,156,051
Consulting fees 0 0 0 46,667
Total Revenues 2,601,834 5,008,824 5,188,582 6,865,739
Costs and expenses:        
Research and development 404,346 270,799 653,898 482,865
General and administrative 1,149,926 1,418,016 2,238,648 2,927,542
Total Cost and Expenses 1,554,272 1,688,815 2,892,546 3,410,407
Operating income 1,047,562 3,320,009 2,296,036 3,455,332
Other income (expense):        
Interest income 9,771 16,688 19,264 33,248
Other income (expense) 0 14,479 0 14,479
Total other income (expense) 9,771 31,167 19,264 47,727
Income before expense for income tax 1,057,333 3,351,176 2,315,300 3,503,059
Income tax benefit (expense) (390,651) (781,835) (906,228) 2,757,405
Net income $ 666,682 $ 2,569,341 $ 1,409,072 $ 6,260,464
Basic net income per share (in dollars per share) $ 0.11 $ 0.40 $ 0.22 $ 0.99
Diluted net income per share (in dollars per share) $ 0.10 $ 0.36 $ 0.20 $ 0.87
Shares used in computation of basic net income per share (in shares) 6,343,356 6,354,135 6,339,930 6,324,168
Shares used in computation of diluted net income per share (in shares) 6,971,687 7,174,568 6,984,258 7,158,024