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Consolidated Statements of Operations (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Royalties $ 0 $ 0
Other 0 0
Revenues 0 0
Costs and expenses:    
Research and development 561,249 1,398,274
General and administrative 1,096,746 1,253,105
Costs and expenses 1,657,995 2,651,379
Interest expense 875,863 0
Other income 0 55,000
Net loss (2,533,858) (2,596,379)
Dividends on Series A convertible preferred stock (251,250) (251,250)
Net loss attributable to common shareholders $ (2,785,108) $ (2,847,629)
Net loss per share (basic and diluted) (in dollars per share) $ (0.23) $ (0.25)
Weighted average number of common shares outstanding (basic and diluted) (in shares) 12,158,124 11,444,711