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Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
License revenue    $ 5,000,000    $ 5,000,000
Grant revenue 931,627 795,862 2,341,896 2,009,987
Total revenues 931,627 5,795,862 2,341,896 7,009,987
Cost of revenues (761,628) (655,125) (1,934,529) (1,558,673)
Gross profit 169,999 5,140,737 407,367 5,451,014
Operating expenses:        
Research and development 371,338 2,342,253 1,749,112 5,228,779
General and administrative 558,877 595,021 1,841,138 1,674,408
Total operating expenses 930,215 2,937,274 3,590,250 6,903,187
(Loss) income from operations (760,216) 2,203,463 (3,182,883) (1,452,173)
Other income:        
Interest income, net 1,250 1,411 5,284 5,319
Net (loss) income $ (758,966) $ 2,204,874 $ (3,177,599) $ (1,446,854)
Basic and diluted net (loss) income per share $ (0.07) $ 0.20 $ (0.29) $ (0.13)
Basic and diluted weighted average common shares outstanding 11,138,373 11,013,616 11,127,374 10,920,648