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Consolidated Balance Sheets (Unaudited) (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 5,170,251 $ 3,747,210
Cash restricted pursuant to letters of credit 657,463 407,463
Deferred financing costs, current portion 968,004 968,004
Prepaid expenses and other current assets 231,171 75,626
Total current assets 7,026,889 5,198,303
Property and Equipment, at cost:    
Computer equipment 293,927 367,854
Office and laboratory equipment (including assets under capitalized leases) 668,094 732,296
Furniture and fixtures 734,772 728,269
Manufacturing equipment 75,993 156,435
Leasehold improvements 853,416 818,939
Property and equipment, at cost 2,626,202 2,803,793
Less-Accumulated depreciation and amortization (947,738) (1,165,398)
Net property and equipment (including assets under capitalized leases) 1,678,464 1,638,395
Other Assets:    
Restricted cash 9,740 9,740
Intangible assets, net of accumulated amortization 9,625,000 9,625,000
Deferred financing costs, net of current portion 3,307,327 3,549,328
Other assets 826 826
Total other assets 12,942,893 13,184,894
Total assets 21,648,246 20,021,592
Current Liabilities:    
Accounts payable 1,499,294 2,319,219
Deferred revenue from licensing arrangements 67,671 90,228
Capital lease obligation, current portion 2,591 2,527
Derivative warrant liability 3,904,155 5,585,141
Accrued expenses and other liabilities 1,759,537 1,581,448
Total current liabilities 7,233,248 9,578,563
Capital lease obligation, net of current portion 689 1,361
Note payable, net of discount    120,834
Deferred revenue from licensing arrangements, net of current portion 90,228 90,228
Total liabilities 7,324,165 9,790,986
Series C, $0.01 par value, authorized 10,000 shares, issued and outstanding 9,974.185 shares at March 31, 2013 and December 31, 2012 100 100
Series D, $0.01 par value, authorized 3,600,000 shares, issued and outstanding 3,006,000 shares at March 31, 2013 and December 31, 2012 (preference in liquidation of $3,006,000) 30,060 30,060
Common Stock, $0.01 par value, authorized 150,000,000 shares, issued and outstanding 60,244,669 and 44,373,461 shares at March 31, 2013 and December 31, 2012, respectively 602,449 443,737
Additional paid-in capital 114,581,812 103,658,724
Accumulated deficit (100,890,340) (93,902,015)
Total stockholders' equity 14,324,081 10,230,606
Total liabilities and stockholders' equity $ 21,648,246 $ 20,021,592