Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues    
Revenues $ 6,750,351 $ 7,028,378
Operating expenses:    
Cost of product sales (566,523) 3,260,668
Research and development 11,764,133 5,786,635
Acquired in-process research and development 0 18,723,952
General and administrative 10,123,320 10,511,207
Sales and marketing 1,484,044 545,218
Amortization expense 1,338,996 1,828,552
Impairment of intangible assets 0 1,861,562
Change in fair value of contingent consideration (1,256,211) (110,923)
Total operating expenses 22,887,759 42,406,871
Loss from continuing operations (16,137,408) (35,378,493)
Other (expense) income:    
Change in fair value of Investment in Aytu 53,932 0
Change in fair value of warrant liability and unit purchase option liability (3,888) 25,010
Other (expense) income, net (24,399) 13,657
Interest income, net 121,326 16,261
Total other income, net from continuing operations 146,971 54,928
Loss from continuing operations before taxes (15,990,437) (35,323,565)
Income tax expense (benefit) 280,316 (49,466)
Loss from continuing operations (16,270,753) (35,274,099)
Income (loss) from discontinued operations, net of tax (inclusive of gain on sale) 198,206 (4,778,711)
Net loss (16,072,547) $ (40,052,810)
Net (loss) income per share of common stock, basic and diluted:    
Continuing operations (in dollars per share)   $ (1.06)
Discontinued operations (in dollars per share)   (0.14)
Net loss per share, basic and diluted (in dollars per share)   $ (1.20)
Product revenue, net    
Revenues    
Revenues 6,650,351 $ 6,572,322
Sales force revenue    
Revenues    
Revenues 0 456,056
License and other revenue    
Revenues    
Revenues $ 100,000 $ 0
Common stock    
Net (loss) income per share of common stock, basic and diluted:    
Continuing operations (in dollars per share) $ (0.28) $ (1.06)
Discontinued operations (in dollars per share) 0.00 (0.14)
Net loss per share, basic and diluted (in dollars per share) (0.28) $ (1.20)
Preferred Stock    
Net (loss) income per share of common stock, basic and diluted:    
Continuing operations (in dollars per share) (1.42)  
Discontinued operations (in dollars per share) 0.01  
Net loss per share, basic and diluted (in dollars per share) $ (1.41)