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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
REVENUE:        
GRANT INCOME AND OTHER $ 106,543 $ 43,815 $ 111,567 $ 706,633
OPERATING EXPENSES:        
Research and development (excluding R&D depreciation of $108,531, $119,633, $225,282 and $235,824 respectively, included below) 2,594,235 3,042,097 5,050,420 6,306,525
Depreciation and amortization 143,428 145,141 281,853 286,288
General and administrative 1,631,237 1,953,573 3,484,927 3,526,850
Total operating expenses 4,368,900 5,140,811 8,817,200 10,119,663
OPERATING LOSS (4,262,357) (5,096,996) (8,705,633) (9,413,030)
OTHER EXPENSES 0 (12,000,000) 0 (12,000,000)
(LOSS) GAIN ON DERIVATIVE INSTRUMENTS (4,204,327) 3,062,087 (3,247,857) 1,115,692
INTEREST INCOME 28,673 46,707 57,728 99,586
INTEREST EXPENSE (55,948) (41,402) (179,410) (82,804)
NET LOSS (8,493,959) (14,029,604) (12,075,172) (20,280,556)
ISSUANCE OF ADDITIONAL SHARES DUE TO RESET PROVISIONS     (250,000) 0
MODIFICATION OF WARRANTS 0 (1,068,369) (325,620) (1,068,369)
INDUCEMENT WARRANTS (1,593,000) 0 (1,593,000) 0
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (10,086,959) $ (15,097,973) $ (14,243,792) $ (21,348,925)
NET LOSS PER COMMON SHARE-BASIC $ (0.04) $ (0.07) $ (0.06) $ (0.10)
NET LOSS PER COMMON SHARE-DILUTED $ (0.04) $ (0.09) $ (0.06) $ (0.10)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC 247,369,587 207,089,841 237,912,177 206,090,265
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-DILUTED 247,369,587 207,089,841 237,912,177 206,090,265