Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenue $ 5,613,276 $ 4,074,786 $ 15,474,123 $ 13,342,699
Operating expenses:        
Cost of product sales 1,435,061 3,111,290 3,241,131 5,397,872
Research and development 1,743,435 1,047,877 8,857,220 3,780,352
Acquired in-process research and development 0 18,723,952 0 18,723,952
General and administrative 2,679,396 1,884,293 7,778,386 7,833,612
Sales and marketing 2,630,545 2,310,760 8,676,298 5,889,137
Amortization expense 1,037,414 1,065,398 3,195,108 3,315,843
Impairment of intangible assets 0 159,687 1,449,121 1,861,562
Change in fair value of contingent consideration (197,219) 84,844 (1,009,168) 360,850
Total operating expenses 9,328,632 28,388,101 32,188,096 47,163,180
Loss from operations (3,715,356) (24,313,315) (16,713,973) (33,820,481)
Other (expense) income:        
Change in fair value of warrant liability and unit purchase option liability 35,491 (2,994) 6,823 (22,329)
Other (expense) income, net (15,000) 0 (24,400) 18,655
Interest expense, net (205,938) (234,854) (613,624) (577,664)
Total other expense, net (185,447) (237,848) (631,201) (581,338)
Net loss before taxes (3,900,803) (24,551,163) (17,345,174) (34,401,819)
Income tax expense 115,651 52,412 348,427 92,076
Net loss (4,016,454) (24,603,575) (17,693,601) (34,493,895)
Product revenue, net        
Revenues:        
Total revenue 5,513,276 4,074,786 15,374,123 13,045,824
License and other revenue        
Revenues:        
Total revenue 100,000 0 100,000 0
Sales force revenue        
Revenues:        
Total revenue $ 0 $ 0 $ 0 $ 296,875
Common stock        
Other (expense) income:        
Net income (loss) per share of stock, basic and diluted (in dollars per share) $ (0.07) $ (0.71) $ (0.31) $ (1.05)
Preferred Stock        
Other (expense) income:        
Net income (loss) per share of stock, basic and diluted (in dollars per share) $ (0.35) $ 0.00 $ (1.56) $ 0.00