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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 38,833,736 $ 32,218,905
Short-term investments 15,002,213 45,621,593
Receivables 5,175,007 2,019,293
Interest receivable 14,196 104,627
Prepaid expenses and other current assets 976,325 3,250,355
Total current assets 60,001,477 83,214,773
Equipment and furnishings, net 879,359 970,873
Goodwill 183,780 183,780
Other assets 1,569,193 1,323,156
Total assets 62,633,809 85,692,582
Current liabilities:    
Accounts payable 5,328,351 6,655,962
Accrued expenses and other current liabilities 10,376,415 5,994,072
Warrant liability 4,566,515 5,131,085
Total current liabilities $ 20,271,281 $ 17,781,119
Commitments and contingencies    
Stockholders' equity    
Preferred Stock, $0.01 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, $0.001 par value, 250,000,000 shares authorized; 55,927,197 shares issued and outstanding at June 30, 2015; 55,921,986 shares issued and outstanding at December 31, 2014 55,927 55,924
Additional paid-in capital 380,638,689 376,975,984
Treasury stock, at cost (199,275 shares) (2,612,861) (2,612,861)
Accumulated deficit (335,719,227) (306,507,584)
Total stockholders' equity 42,362,528 67,911,463
Total liabilities and stockholders' equity $ 62,633,809 $ 85,692,582