XML 43 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Fee income $ 1,957,336 $ 845,982 $ 767,522
Operating expenses 3,995,633 3,618,635 3,253,250
Research and development 1,671,872 1,390,689 1,404,654
Total Expenses 5,667,505 5,009,324 4,657,904
Operating loss (3,710,169) (4,163,342) (3,890,382)
Net investment income 33,171 29,274 15,517
Loss before income tax benefit (3,676,998) (4,134,068) (3,874,865)
Income tax benefit 613,397 0 0
Net loss $ (3,063,601) $ (4,134,068) $ (3,874,865)
Basic and diluted net loss per common share (in dollars per share) $ (0.15) $ (0.22) $ (0.22)
Weighted average number of common shares outstanding (in shares) 20,125,309 18,538,041 17,321,360