XML 28 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Condensed Balance Sheets (Unaudited) (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 31,051,572 $ 45,621,453
Investments - Certificates of deposit 0 1,492,000
Prepaid expenses and other assets 1,473,546 1,784,276
Total current assets 32,525,118 48,897,729
Property, plant and equipment    
Land 154,144 0
Furniture and fixtures 1,863,718 669,296
Computers and equipment 986,955 548,586
Leasehold improvements 1,031,277 939,518
Property, plant and equipment, gross 4,036,094 2,157,400
Less: accumulated depreciation (933,632) (477,420)
Property, plant and equipment, net 3,102,462 1,679,980
Total assets 35,627,580 50,577,709
Current liabilities    
Accounts payable 770,844 610,457
Accrued expenses 3,237,184 2,581,853
Warrant liability 7,012,723 18,005,014
Total current liabilities 11,020,751 21,197,324
Deferred revenue 300,000 300,000
Commitments and contingencies 0 0
Stockholders' equity    
Preferred stock, $.01 par value; 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $.01 par value; 70,000,000 shares authorized; 43,204,164 and 43,028,146 shares issued and 42,993,732 and 42,932,460 outstanding at June 30, 2011 and December 31, 2010, respectively 432,042 430,281
Additional paid-in capital 147,325,740 144,782,807
Deficit accumulated during the development stage (123,362,650) (116,055,400)
Treasury stock, at cost; 28,100 shares at June 30, 2011 and December 31, 2010 (51,103) (51,103)
Accumulated other comprehensive loss (37,200) (26,200)
Total stockholders' equity 24,306,829 29,080,385
Total liabilities and stockholders' equity $ 35,627,580 $ 50,577,709