XML 67 R12.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Note 6 - Segment Reporting | 9 Months Ended
--- | ---
Sep. 30, 2014
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | 6. Segment Reporting The Company’s business is the development, manufacture, and marketing of pharmaceutical products. On April 30, 2014, the Company established AFP and as a result, during the quarter ended September 30, 2014, the Company changed the structure of its reportable segments, establishing two reporting segments that each report to the Chief Operating Decision Maker, or CODM, as defined in ASC Topic 280, Segment Reporting. The Company’s performance will be assessed and resources will be allocated by the CODM based on the following two reportable segments:
- | Finished pharmaceutical products
- | Active pharmaceutical ingredients, or API
The finished pharmaceutical products segment manufactures, markets and distributes enoxaparin, Cortrosyn®, naloxone, lidocaine jelly, as well as, various other critical and non-critical care drugs. The API segment manufactures and distributes recombinant human insulin and porcine insulin. Selected financial information by reporting segment is presented below:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
|  | (in thousands) |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |
Finished pharmaceutical products |  | $ | 53,729 |  |  | $ | 59,318 |  |  | $ | 148,500 |  |  | $ | 174,805 |
API |  |  | 5,982 |  |  |  | — |  |  |  | 6,084 |  |  |  | — |
Total net revenues |  |  | 59,711 |  |  |  | 59,318 |  |  |  | 154,584 |  |  |  | 174,805 |
Gross Profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finished pharmaceutical products |  |  | 12,122 |  |  |  | 20,280 |  |  |  | 39,592 |  |  |  | 67,327 |
API |  |  | (331 | ) |  |  | — |  |  |  | (296 | ) |  |  | — |
Total gross profit |  |  | 11,791 |  |  |  | 20,280 |  |  |  | 39,296 |  |  |  | 67,327 |
Operating expenses |  |  | 19,608 |  |  |  | 20,054 |  |  |  | 50,255 |  |  |  | 52,767 |
Income (loss) from operations |  |  | (7,817 | ) |  |  | 226 |  |  |  | (10,959 | ) |  |  | 14,560 |
Non-operating income (expenses) |  |  | (167 | ) |  |  | 109 |  |  |  | (1,372 | ) |  |  | (115 | )
Income (loss) before income taxes |  | $ | (7,984 | ) |  | $ | 335 |  |  | $ | (12,331 | ) |  | $ | 14,445 |
The Company manages its business segments to the gross profit level and manages its operating and other costs on a company-wide basis. The Company does not identify total assets by segment for internal purposes, as the Company’s CODM does not assess performance, make strategic decisions, or allocate resources based on assets. Net revenues and carrying values of long-lived assets of enterprises by geographic regions are as follows:
| Net Revenue |  | Net Revenue |  | Long-Lived Assets |
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  | September 30, |  | December 31, |
| 2014 |  | 2013 |  | 2014 |  | 2013 |  | 2014 |  | 2013 |
| (in thousands) |
U.S. |  | $ | 53,729 |  |  | $ | 59,318 |  |  | $ | 148,500 |  |  | $ | 174,805 |  |  | $ | 98,744 |  |  | $ | 99,398 |
China |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 21,011 |  |  |  | 17,221 |
France |  |  | 5,982 |  |  |  | — |  |  |  | 6,084 |  |  |  | — |  |  |  | 14,357 |  |  |  | — |
Total |  | $ | 59,711 |  |  | $ | 59,318 |  |  | $ | 154,584 |  |  | $ | 174,805 |  |  | $ | 134,112 |  |  | $ | 116,619 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration