Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Schedule of difference between income taxes at the statutory federal income tax rate and income taxes reported in the statements of operations in percent

The difference between income taxes at the statutory federal income tax rate and income taxes reported in the statements of operations are attributable to the following:

	December 31, 2012			December 31, 2011
Income tax benefit at the federal statutory rate		34.00	%		34.00	%
State income taxes, net of effect on federal taxes		3.55	%		3.51	%
Research and development credit		1.67	%		2.84	%
Other		(0.21	%)		0.56	%
Increase in valuation allowance		(39.01	%)		(40.91	%)
Provision for income tax		0	%		0	%

Disclosure of deferred tax asset

The deferred tax asset at December 31, 2012 and 2011 consists of the following:

	2012			2011
Net operating loss carryforward	$	5,593,000		$	4,419,000
Deferred start-up costs		3,762,000			2,658,000
Research and development credit carryforward		590,000			477,000
Stock-based compensation		689,000			520,000
Other		51,000			(13,000	)
		10,685,000			8,061,000
Less: Valuation allowance		(10,685,000	)		(8,061,000	)
Net deferred tax asset	$	—		$	—