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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | 129 Months Ended
--- | --- | --- | --- | ---
Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2012 | Jun. 30, 2011 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Jun. 30, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract] |  |  |  |  |  |  |  |
Research and development expenses, net (Note 11) | $ 508,462 | $ 407,631 | $ 953,528 | $ 781,114 | $ 1,789,301 | $ 934,056 | $ 1,005,108 | $ 9,509,242
General and administrative expenses (Note 12) | 245,613 | 89,098 | 448,548 | 254,736 | 544,145 | 457,495 | 165,156 | 2,610,282
Other income |  |  |  |  |  | (912) |  | (912)
Operating loss | 754,075 | 496,729 | 1,402,076 | 1,035,850 | 2,333,446 | 1,390,639 | 1,170,264 | 12,118,612
Financing (income) expenses, net (Note 13) | (16,617) | 19,928 | (29,665) | 21,071 | 30,893 | 1,397,807 | 32,032 | 1,771,318
Loss for the period | 737,458 | 516,657 | 1,372,411 | 1,056,921 | 2,364,339 | 2,788,446 | 1,202,296 | 13,889,930
Other comprehensive (income) loss: |  |  |  |  |  |  |  |
Foreign currency translation adjustment | (32,704) | (41,239) | (21,143) | (24) | (39,052) | 119,019 | 13,367 | (43,777)
Comprehensive loss for the period | $ 704,754 | $ 475,418 | $ 1,351,268 | $ 1,056,897 | $ 2,325,287 | $ 2,907,465 | $ 1,215,663 |
Loss per share (Basic and Diluted) (Note 15) | $ 0.14 | $ 0.1 | $ 0.26 | $ 0.22 | $ 0.46 | $ 0.7 | $ 0.3 |
Weighted average number of shares outstanding (Basic and Diluted) (Note 15) | 5,295,543 | 4,989,720 | 5,295,543 | 4,922,582 | 5,091,330 | 4,034,706 | 3,995,805 |

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