CONDENSED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended		81 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
Cash flows from operating activities:
Net loss	$ (15,643,924)	$ (9,683,991)	$ (83,173,008)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	1,540,553	1,555,344	7,480,824
Stock -based payments to consultants	292,350	3,240,965	4,283,167
Depreciation	2,083	1,752	33,090
Charge resulting from beneficial note conversion			6,001,496
Amortization of deferred financing costs and debt discount		49,025	3,466,010
Changes in operating assets and liabilities:
Other current assets	(94,956)	(78,192)	(157,085)
Accounts payable and accrued expenses	878,764	244,016	3,204,299
Net cash used in operating activities	(13,025,130)	(4,666,935)	(53,463,430)
Cash flows from investing activities:
Purchase of office and computer equipment	(3,240)	(11,964)	(42,464)
Net cash used in investing activities	(3,240)	(11,964)	(42,464)
Cash flows from financing activities:
Net proceeds from sale of common stock	4,166,494	2,420,775	69,339,661
Proceeds from notes			11,522,380
Proceeds from notes payable to related parties			5,041,953
Payment for deferred financing costs			(1,431,603)
Repayment of notes		(1,219,380)	(2,719,380)
Repayment of notes payable - related party			(1,573,000)
Proceeds from the exercise of warrants and options	730,322	274,984	2,169,762
Net cash provided by financing activities	4,896,816	1,476,379	82,349,774
Net increase (decrease) in cash and cash equivalents	(8,131,554)	(3,202,520)	28,843,880
Beginning of period	36,975,434	14,571,055
End of period	28,843,880	11,368,535	28,843,880
Supplemental schedule of non-cash financing activities:
Warrants issued to placement agent			341,334
Warrants issued to investors in connection with convertible notes			1,166,989
Supplemental disclosure - cash paid for interest		121,238	685,397
Senior Notes 2010
Supplemental schedule of non-cash financing activities:
Notes and accrued interest converted			3,995,667
Debt discount			1,468,254
Related Parties
Adjustments to reconcile net loss to net cash used in operating activities:
Interest payable			266,279
Paramount Credit Partners, LLC
Supplemental schedule of non-cash financing activities:
Debt discount			782,376
License Agreement
Adjustments to reconcile net loss to net cash used in operating activities:
Stock/Warrants issued			414,825
Vendor
Adjustments to reconcile net loss to net cash used in operating activities:
Stock/Warrants issued			5,000
Note conversion
Adjustments to reconcile net loss to net cash used in operating activities:
Stock/Warrants issued			1,255,978
Research and Development Expense
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash expense			1,087,876
Notes
Adjustments to reconcile net loss to net cash used in operating activities:
Interest payable		4,146	2,139,909
Issuance of Debt
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash expense			227,910
Common Stock
Supplemental schedule of non-cash financing activities:
Notes and accrued interest converted			$ 14,003,158