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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUE:        
Rent income $ 0 $ 30,900 $ 0 $ 91,500
Grant and other income 77,403 0 784,036 0
Total revenue 77,403 30,900 784,036 91,500
EXPENSES:        
Research and development, excluding depreciation of $359,343, $316,575, $123,519 and $113,146 included below 2,924,771 1,587,520 9,231,296 7,733,544
Depreciation and amortization 148,148 134,574 434,436 377,458
General and administrative 1,862,328 1,702,865 5,407,782 4,947,764
Foreign exchange gain (12,100) 0 (30,704) 0
Total expenses 4,923,147 3,424,959 15,042,810 13,058,766
LOSS FROM OPERATIONS (4,845,744) (3,394,059) (14,258,774) (12,967,266)
OTHER EXPENSES 0 0 (12,000,000) 0
GAIN ON DERIVATIVE INSTRUMENTS 1,763,311 2,754,512 2,879,003 30,614,451
INTEREST INCOME 34,416 79,825 134,002 287,613
INTEREST EXPENSE (66,238) (41,402) (149,042) (120,924)
NET (LOSS) INCOME BEFORE INCOME TAXES (3,114,255) (601,124) (23,394,811) 17,813,874
INCOME TAX PROVISION 0 0 0 0
NET (LOSS) INCOME (3,114,255) (601,124) (23,394,811) 17,813,874
MODIFICATION OF WARRANTS 0 0 (1,068,369) (1,432,456)
NET (LOSS) INCOME AVAILABLE TO COMMON SHAREHOLDERS $ (3,114,255) $ (601,124) $ (24,463,180) $ 16,381,418
NET (LOSS) INCOME PER COMMON SHARE-BASIC $ (0.01) $ 0.00 $ (0.12) $ 0.08
NET LOSS PER COMMON SHARE-DILUTED $ (0.02) $ (0.01) $ (0.12) $ (0.02)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC 208,402,408 204,592,051 206,860,979 201,208,121
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED 241,110,822 231,827,525 206,860,979 228,443,595