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Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities:  
Net income (loss)$ (1,446,854)$ (5,447,292)
Adjustments to reconcile net loss to net cash used in operating activities:  
Amortization and depreciation165,042135,270
Common stock issued for amended license agreement400,0000
Common stock or warrants issued in exchange for services11,184171,890
Stock-based compensation529,788463,909
Capitalized patent write-off0378,501
Change in operating assets and liabilities:  
Grants receivable(177,060)(190,559)
Other receivable251,8640
Inventory042,865
Prepaid expenses32,824(83,458)
Accounts payable(302,232)646,682
Accrued compensation(194,687)(326,440)
Total adjustments716,7231,238,660
Net cash used in operating activities(730,131)(4,208,632)
Investing activities:  
Acquisition of intangible assets(151,086)(257,598)
Purchase of office equipment(1,578)(6,261)
Net cash used in investing activities(152,664)(263,859)
Financing activities:  
Net proceeds from sale of common stock05,679,856
Settlement of Broker Fees associated with 2010 Financing40,7430
Proceeds from sale of common stock pursuant to equity line355,00070,000
Proceeds from exercise of options and warrants253,61358,852
Net cash provided by financing activities649,3565,808,708
Net (decrease)/ increase in cash and cash equivalents(233,439)1,336,217
Cash and cash equivalents at beginning of period7,451,7147,692,011
Cash and cash equivalents at end of period$ 7,218,275$ 9,028,228