XML 46 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 11,483,112 $ 14,344,088
Short-term investments 27,084,980 24,000,000
Receivables 117,527 109,802
Interest receivable 8,464 26,517
Prepaid expenses and other current assets 2,329,742 1,212,041
Total current assets 41,023,825 39,692,448
Equipment and furnishings, net 175,452 253,277
Goodwill 183,780 183,780
Other assets 116,998 102,271
Total assets 41,500,055 40,231,776
Current liabilities:    
Accounts payable 3,853,531 3,060,516
Accrued expenses and other current liabilities 2,802,833 3,033,189
Warrant liabilities 24,182,324 3,972,230
Total current liabilities 30,838,688 10,065,935
Commitment and contingencies      
Stockholders' equity:    
Preferred Stock, $.01 par value, 5,000,000 shares authorized, including 25,000 shares of Series A Junior Participating Preferred Stock; no shares issued and outstanding 0 0
Common stock, $.001 par value, 250,000,000 shares authorized; 42,116,964 and 30,607,916 shares issued and outstanding at December 31, 2013 and 2012, respectively 42,118 30,608
Additional paid-in capital 289,426,100 261,318,638
Treasury stock, at cost (143,796 shares and 90,546 at December 31, 2013 and 2012, respectively) (2,417,247) (2,279,238)
Accumulated deficit (276,389,604) (228,904,167)
Total stockholders' equity 10,661,367 30,165,841
Total liabilities and stockholders' equity $ 41,500,055 $ 40,231,776