XML 13 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Net sales $ 2,651 $ 3,378 $ 32,394 $ 12,128
Royalties 3,087,491 2,307,073 9,717,994 6,698,355
Licensing revenues 54,981 137,774 644,742 926,324
Total Revenues 3,145,123 2,448,225 10,395,130 7,636,807
Costs and expenses:        
Research and development 346,768 293,221 1,111,686 947,119
General and administrative 1,059,854 1,375,477 3,914,590 3,614,125
Total Cost and Expenses 1,406,622 1,668,698 5,026,276 4,561,244
Operating income 1,738,501 779,527 5,368,854 3,075,563
Other income (expense):        
Interest income 7,134 8,292 19,510 27,556
Income before expense for income tax 1,745,635 787,819 5,388,364 3,103,119
Income tax benefit (expense) (566,860) (316,772) (1,828,319) (1,223,000)
Net income $ 1,178,775 $ 471,047 $ 3,560,045 $ 1,880,119
Basic net income per share (in dollars per share) $ 0.19 $ 0.07 $ 0.56 $ 0.30
Diluted net income per share (in dollars per share) $ 0.17 $ 0.07 $ 0.51 $ 0.27
Shares used in computation of basic net income per share (in shares) 6,338,901 6,343,210 6,346,978 6,341,031
Shares used in computation of diluted net income per share (in shares) 6,924,363 6,961,652 69,164,485 6,985,290