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Consolidated Statements of Operations (USD $)
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Fee income $ 471,886 $ 207,200 $ 1,405,292 $ 492,048
Operating expenses 972,300 678,640 3,263,891 2,741,042
Research and development 369,374 340,960 1,238,764 1,080,020
Total Expenses 1,341,674 1,019,600 4,502,655 3,821,062
Operating loss (869,788) (812,400) (3,097,363) (3,329,014)
Net investment income 3,324 10,560 24,631 18,771
Loss before income tax benefit (866,464) (801,840) (3,072,732) (3,310,243)
Income tax benefit 0 0 613,397 0
Net loss $ (866,464) $ (801,840) $ (2,459,335) $ (3,310,243)
Basic and diluted loss per common share (in dollars per share) $ (0.04) $ (0.04) $ (0.13) $ (0.18)
Basic and diluted weighted average number of common shares outstanding (in shares) 20,013,221 18,544,355 19,278,801 18,535,913