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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended230 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Cash flows from operating activities:   
Net income (loss)$ (2,086,853)$ 1,330,394$ (196,250,707)
Adjustments to reconcile net loss to net cash used for operating activities:   
Purchased in-process research and development  12,146,544
Write-off of acquired technology  3,500,000
Loss on disposition of assets3,391 3,391
Interest expense settled through issuance of notes payable  350,500
Expenses satisfied with the issuance of stock28,680 28,680
Forgiveness of debt(476,837) (476,837)
Net gain on early extinguishment of debt (5,277,300)(5,277,300)
Non-cash gain on restricted stock valuation(58,814) (58,814)
Non-cash interest expense 621,4063,966,394
Non-cash charges related to options, warrants and common stock83456,71711,115,437
Amortization of financing costs6,94815,63525,187
Amortization and depreciation40,21744,7272,890,132
Changes in operating assets and liabilities:   
(Increase) decrease in prepaid expenses and other current assets(32,859)(47,727)658,531
(Decrease) increase in accounts payable and accrued expenses(781,764)521,7012,022,380
Increase in accrued interest payable1,386,239425,2136,371,720
Decrease in accrued lease(96,425)(36,492) 
Net cash used for operating activities(2,067,243)(2,345,726)(158,984,762)
Cash flows from investing activities:   
Cash acquired through Merger  1,758,037
Purchases of property and equipment(2,373) (1,654,487)
Proceeds from the sale of property and equipment3,430 3,430
Decrease (increase) in security deposits and other assets113,65731,866(271,241)
Decrease (increase) in indemnity fund144122(115,424)
Purchases of marketable securities  (132,004,923)
Sales and maturities of marketable securities  132,004,923
Net cash provided by (used for) investing activities114,85831,988(279,685)
Cash flows from financing activities:   
Proceeds from issuance of common stock  66,731,339
Buyback of common stock  (8,100)
Proceeds from issuance of preferred stock  39,922,170
Preferred stock conversion inducement  (600,564)
Proceeds from issuance of promissory notes1,940,0002,735,00058,185,000
Proceeds from issuance of convertible debentures  9,000,000
Principal payments of notes payable/repurchase of debt (602,700)(7,749,667)
Dividend payments on Series E Cumulative Convertible Preferred Stock  (516,747)
Payments of financing costs  (5,612,855)
Net cash provided by financing activities1,940,0002,132,300159,350,576
Net (decrease) increase in cash and cash equivalents(12,385)(181,438)86,129
Cash and cash equivalents, beginning of period98,514314,964 
Cash and cash equivalents, end of period86,129133,52686,129
Supplemental cash flow disclosures:   
Cash paid for interest  628,406
Supplemental disclosure of non-cash financing activity:   
Accrued expenses satisfied with the issuance of stock28,680  
Conversion of convertible redeemable preferred stock to common stock4,600,000  
Cumulative accrued interest reversed640,874  
Series F Preferred Stock
   
Supplemental disclosure of non-cash financing activity:   
Number of shares of convertible redeemable preferred stock convertible into common stock184,000  
Conversion of convertible redeemable preferred stock with a total stockholders' equity value$ 5,240,874