Balance Sheets (USD $)	Sep. 30, 2012	Dec. 31, 2011
CURRENT ASSETS:
Cash and cash equivalents	$ 648,377	$ 213,438
Available for sale securities	12,716,005	5,026,398
Prepaid expenses and other	525,854	661,788
Total current assets	13,890,236	5,901,624
PROPERTY AND EQUIPMENT, net	400,173	351,285
INTANGIBLE ASSETS, net	9,066,974	9,004,263
OTHER ASSETS, net	475,081	584,799
Total assets	23,832,464	15,841,971
CURRENT LIABILITIES:
Accounts payable	769,473	613,806
Accrued expenses:
Salaries and wages	425,283	252,928
Professional fees	817,770	404,069
Other accrued expenses	71,566	16,867
Deferred rent, current portion	88,388	75,804
Total current liabilities	2,172,480	1,363,474
LONG TERM LIABILITES
Captial lease, net of current portion	39,972	0
Deferred rent, net of current portion	69,638	137,878
Total long term liabilities	109,610	137,878
Total liabilities	2,282,090	1,501,352
COMMITMENTS AND CONTINGENCIES (Notes 8 AND 11)
SHAREHOLDERS' EQUITY:
Common stock, $.01 par value, 100,000,000 shares authorized, 82,862,796 and 67,573,775 issued and outstanding at September 30, 2012 and December 31, 2011, respectively	828,628	675,738
Accumulated other comprehensive income (loss)	26,319	(10,418)
Warrants outstanding	1,081,050	8,649,786
Additional paid-in capital	275,579,216	246,842,116
Accumulated deficit	(255,964,839)	(241,816,603)
Total shareholders' equity	21,550,374	14,340,619
Total liabilities and shareholders' equity	$ 23,832,464	$ 15,841,971