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Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 135,843 $ 98,514
Short-term investments 27,446 0
Security deposits 0 96,163
Prepaid expenses and other current assets 4,965 14,073
Total current assets 168,254 208,750
Property and equipment, net 2,475 47,674
Indemnity fund 0 115,568
Security deposits 0 88,600
Total assets 170,729 460,592
Current liabilities:    
Accounts payable and accrued expenses 2,210,229 3,576,809
Convertible notes payable 21,827,588 29,000,000
Notes payable 5,900,000 4,660,000
Accrued interest payable on convertible notes 0 4,714,722
Accrued interest payable on notes payable 486,691 270,759
Accrued lease 0 65,922
Total current liabilities 30,424,508 42,288,212
Accrued lease, excluding current portion 0 30,503
Total liabilities 30,424,508 42,318,715
Commitments and contingencies (Note 12)      
Series F convertible redeemable preferred stock, $.01 par value; 200,000 shares designated; 12,000 and 196,000 shares issued and outstanding at December 31, 2011 and 2010, respectively (liquidation preference of $300,000 at December 31, 2011) 348,444 5,428,158
Stockholders' deficit:    
Preferred stock, $.01 par value; 1,000,000 shares authorized; 25,000 shares designated Convertible Series A, 500,000 shares designated Convertible Series D, and 800 shares designated Convertible Series E; no shares issued and outstanding at December 31, 2011 and 2010      
Common stock, $.01 par value; 80,000,000 shares authorized at December 31, 2011 and 2010, 30,635,720 and 26,785,645 shares issued and outstanding at December 31, 2011 and 2010, respectively 306,357 267,856
Additional paid-in capital 166,170,855 146,611,717
Accumulated other comprehensive loss (31,367) 0
Deficit accumulated during development stage (197,048,068) (194,165,854)
Total stockholders' deficit (30,602,223) (47,286,281)
Total liabilities and stockholders' deficit $ 170,729 $ 460,592