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Consolidated Statements of Operations (USD $)
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Fee income $ 707,231 $ 482,578
Operating expenses 1,667,831 1,439,393
Research and development 636,436 477,738
Total Expenses 2,304,267 1,917,131
Operating loss (1,597,036) (1,434,553)
Net investment income 7,852 17,817
Loss before income tax benefit (1,589,184) (1,416,736)
Income tax benefit 0 613,397
Net loss $ (1,589,184) $ (803,339)
Basic and diluted net loss per common share (in dollars per share) $ (0.07) $ (0.04)
Basic and diluted weighted average number of common shares outstanding (in shares) 22,916,095 18,907,555