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Consolidated Statements of Operations (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Fee income $ 450,828 $ 140,407 $ 933,406 $ 284,848
Operating expenses 852,217 736,713 2,291,591 2,062,402
Research and development 391,652 327,088 869,390 739,060
Total Expenses 1,243,869 1,063,801 3,160,981 2,801,462
Operating loss 793,041 (923,394) (2,227,575) (2,516,614)
Net investment income 3,490 4,272 21,307 8,211
Loss before income tax benefit (789,551) (919,122) (2,206,268) (2,508,403)
Income tax benefit 0 0 613,397 0
Net loss $ (789,551) $ (919,122) $ (1,592,871) $ (2,508,403)
Basic and diluted Net loss per common share (in dollars per share) $ (0.04) $ (0.05) $ (0.08) $ (0.14)
Basic and diluted weighted average number of common shares outstanding (in shares) 18,907,555 18,544,355 18,907,555 18,531,622