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Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current Assets:    
Cash and cash equivalents $ 8,995,571 $ 1,342,044
Restricted cash 250,000   
Accounts receivable 37,065 141,488
Stock subscriptions receivable 6,667 285,000
Prepaid expenses and other current assets 274,208 195,205
Total current assets 9,563,511 1,963,737
Property and Equipment, at cost:    
Computer equipment 298,290 265,862
Office and laboratory equipment (including assets under capitalized leases) 624,817 626,823
Furniture and fixtures 186,837 17,019
Manufacturing equipment 156,435 129,320
Leasehold improvements 187,264 177,768
Property and equipment, at cost 1,453,643 1,216,792
Less-Accumulated depreciation and amortization (1,135,912) (1,168,758)
Net property and equipment (including assets under capitalized leases) 317,731 48,034
Other Assets:    
Restricted cash 19,739 275,249
Intangible assets, net of accumulated amortization 9,625,000 9,625,000
Deposits and other assets 826 250
Total other assets 9,645,565 9,900,499
Total assets 19,526,807 11,912,270
Current Liabilities:    
Accounts payable 365,298 605,634
Deferred revenue 123,708 405,454
Current portion of notes payable and capital lease obligation, net of discounts 2,288 102,071
Derivative warrant liability 1,035,337 1,544,996
Accrued expenses and other liabilities 965,832 463,475
Total current liabilities 2,492,463 3,121,630
Notes Payable and capital lease obligation, net of current portion and discounts 3,888 6,176
Deferred revenue, net of current portion 61,867 82,180
Total liabilities 2,558,218 3,209,986
Perpetual Redeemable Preferred Stock:    
Series B, $0.01 par value, authorized 40,000 shares, issued and outstanding 154.3940 shares at December 31, 2010    2
Convertible Preferred Stock:    
Series C, $0.01 par value, authorized 10,000 shares, issued and outstanding 9,974.185 and 4,918.100 shares at December 31, 2011 and 2010, respectively 100 49
Series D, $0.01 par value, authorized 3,600,000 shares, issued and outstanding 3,006,000 shares at December 30, 2011 (preference in liquidation of $3,006,000 at December 31, 2011) 30,060   
Common stock, $0.01 par value, authorized 100,000,000 shares, issued and outstanding 38,543,944 and 31,126,245 shares at December 31, 2011 and 2010, respectively 385,442 311,264
Additional paid-in capital 98,116,327 79,646,385
Common stock subscribed for but not paid for or issued, 33,333 and 285,000 shares at December 31, 2011 and 2010, respectively 6,667 285,000
Accumulated deficit (81,570,007) (71,540,416)
Total stockholders' equity 16,968,589 8,702,284
Total liabilities and stockholders' equity $ 19,526,807 $ 11,912,270