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Consolidated Statements of Operations (USD $)
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Fee income $ 482,578 $ 144,441
Operating expenses 1,439,393 1,325,690
Research and development 477,738 411,971
Operating Expenses, Total 1,917,131 1,737,661
Operating loss (1,434,553) (1,593,220)
Net investment income 17,817 3,939
Loss before income tax benefit (1,416,736) (1,589,281)
Income tax benefit 613,397 0
Net loss $ (803,339) $ (1,589,281)
Basic and diluted net loss per common share (in dollars per share) $ (0.04) $ (0.09)
Basic and diluted weighted average number of common shares outstanding (in shares) 18,907,555 18,518,748