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Condensed Consolidated Balance Sheet (USD $)
Jun. 30, 2011
Sep. 30, 2010
CURRENT ASSETS    
Cash and cash equivalents $ 10,576,078 $ 26,568,243
Receivables 414,126 0
Prepaid expenses 2,290,315 298,719
Inventory used for R&D and manufacturing 1,578,260 1,476,234
Deferred rent - current portion 715,806 751,338
Total current assets 15,574,585 29,094,534
RESEARCH AND OFFICE EQUIPMENT AND LEASEHOLD IMPROVEMENTS-- Less accumulated depreciation of $2,964,161 and $2,626,759 1,097,679 1,264,831
PATENT COSTS- less accumulated amortization of $1,267,104 and $1,205,690 434,101 356,079
RESTRICTED CASH 0 21,357
DEFERRED RENT - net of current portion 6,635,686 7,068,184
TOTAL ASSETS 23,742,051 37,804,985
CURRENT LIABILITIES    
Accounts payable 1,274,264 1,497,383
Accrued expenses 196,236 223,696
Due to employees 5,582 45,808
Related party loan 1,104,057 1,104,057
Convertible notes 4,929,000 0
Convertible preferred stock - 3,033 shares outstanding 3,043,000 0
Derivative instruments - current portion 469,249 424,286
Total current liabilities 11,021,388 3,295,230
Derivative instruments - net of current portion 3,405,969 6,521,765
Deferred revenue 125,000 125,000
Deferred rent 6,035 8,225
Total liabilities 14,558,392 9,950,220
STOCKHOLDERS' EQUITY    
Preferred stock, $.01 par value; authorized, 200,000 shares; no shares issued and outstanding 0 0
Common stock, $.01 par value; authorized, 450,000,000 shares; issued and outstanding, 210,584,868 and 204,868,853 shares at June 30, 2011 and September 30, 2010, respectively 2,105,849 2,048,689
Additional paid-in capital 192,272,589 187,606,044
Accumulated deficit (185,194,779) (161,799,968)
Total stockholders' equity 9,183,659 27,854,765
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 23,742,051 $ 37,804,985