XML 18 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Sep. 30, 2010
ASSETS    
Cash and cash equivalents $ 4,260,594 $ 26,568,243
Receivables 457,337 0
Prepaid expenses 2,028,531 298,719
Inventory used for R&D and manufacturing 1,571,182 1,476,234
Deferred rent - current portion 703,274 751,338
Total current assets 9,020,918 29,094,534
RESEARCH AND OFFICE EQUIPMENT AND LEASEHOLD IMPROVEMENTS-- Less accumulated depreciation of $3,034,018 and $2,626,759 1,032,881 1,264,831
PATENT COSTS- less accumulated amortization of $1,267,323 and $1,205,690 414,158 356,079
RESTRICTED CASH 0 21,357
DEFERRED RENT - net of current portion 6,486,566 7,068,184
DEPOSITS 1,670,917 0
TOTAL ASSETS 18,625,440 37,804,985
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 738,951 1,497,383
Accrued expenses 290,220 223,696
Due to employees 22,789 45,808
Related party loan 1,104,057 1,104,057
Convertible notes 4,999,000 0
Derivative instruments - current portion 69,552 424,286
Total current liabilities 7,224,569 3,295,230
Derivative instruments - net of current portion 2,192,521 6,521,765
Deferred revenue 125,000 125,000
Deferred rent 4,526 8,225
Total liabilities 9,546,616 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, 214,723,023 and 204,868,853 shares at September 30, 2011 and 2010, respectively 2,147,230 2,048,689
Additional paid-in capital 194,443,905 187,606,044
Accumulated deficit (187,512,311) (161,799,968)
Total stockholders' equity 9,078,824 27,854,765
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 18,625,440 $ 37,804,985