XML 11 R3.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Sales, net$ 8,270,608$ 12,235,018$ 25,994,211$ 28,149,368
Cost of sales    
Cost of manufactured product4,208,9936,081,20114,175,83014,565,160
Royalty expense to shareholders672,084953,4542,002,7202,107,967
Total cost of sales4,881,0777,034,65516,178,55016,673,127
Gross profit3,389,5315,200,3639,815,66111,476,241
Operating expenses:    
Sales and marketing937,8681,140,1512,487,1362,946,128
Research and development169,279316,044539,161865,295
General and administrative2,308,7592,729,1167,903,58611,699,468
Impairment of assets   163,039
Total operating expenses3,415,9064,185,31110,929,88315,673,930
Income (loss) from operations(26,375)1,015,052(1,114,222)(4,197,689)
Interest and other income15,32210,04648,92018,243
Interest expense, net(62,455)(69,853)(184,911)(236,390)
Litigation settlements, net1,900,0007,275,7605,700,0007,275,760
Income before income taxes1,826,4928,231,0054,449,7872,859,924
Provision (benefit) for income taxes(1,952) 50,514(334,507)
Net income1,828,4448,231,0054,399,2733,194,431
Preferred stock dividend requirements(342,217)(342,717)(1,026,651)(1,028,151)
Earnings applicable to common shareholders$ 1,486,227$ 7,888,288$ 3,372,622$ 2,166,280
Basic earnings per share (in dollars per share)$ 0.06$ 0.33$ 0.14$ 0.09
Diluted earnings per share (in dollars per share)$ 0.06$ 0.29$ 0.13$ 0.08
Weighted average common shares outstanding:    
Basic (in shares)24,027,05323,887,02824,005,76123,845,775
Diluted (in shares)25,950,80428,726,69226,364,75326,419,403