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Consolidated Statements of Cash Flows (USD $)
12 Months Ended 242 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Cash flows from operating activities:      
Net loss $ (1,645,476) $ (2,882,214) $ (198,691,544)
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 assets    3,391 3,391
Interest expense settled through issuance of notes payable      350,500
Expenses satisfied with the issuance of stock    28,680 28,680
Forgiveness of debt    (476,837) (476,837)
Gain on early extinguishment of debt      (6,277,100)
Non-cash gain on restricted stock valuation    (58,814) (58,814)
Non-cash interest expense      3,966,394
Non-cash charges related to options, warrants and common stock    834 11,115,437
Amortization of financing costs    6,949 25,188
Amortization and depreciation 1,289 40,751 2,891,955
Changes in operating assets and liabilities:      
Decrease in prepaid expenses and other current assets 2,245 9,108 502,608
Increase in deferred charges (64,514)   (64,514)
(Decrease) increase in accounts payable and accrued expenses 68,169 (889,742) 1,982,571
Increase in accrued interest payable 432,835 1,829,516 8,247,632
Increase in deferred revenue 201,577   201,577
Increase in current liabilities 17,676   17,676
Increase in other long-term liabilities 33,750   33,750
Decrease in accrued lease    (96,425)  
Net cash used for operating activities (952,449) (2,484,803) (160,554,906)
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 equipment    3,430 3,430
Decrease in security deposits and other assets    184,763  
Decrease in indemnity fund    115,568  
Purchases of marketable securities      (132,004,923)
Sales and maturities of marketable securities      132,004,923
Net cash provided by investing activities    301,388 106,980
Cash flows from financing activities:      
Proceeds from issuance of common stock      66,731,339
Buyback of common stock (1,866) (18,256) (28,222)
Advances from related party 325,000   325,000
Proceeds from issuance of preferred stock      39,922,170
Preferred stock conversion inducement      (600,564)
Proceeds from issuance of promissory notes 510,000 2,240,000 58,995,000
Proceeds from issuance of convertible debentures      9,000,000
Principal payments of notes payable/repurchase of debt    (1,000) (7,750,667)
Dividend payments on Series E Cumulative Convertible Preferred Stock      (516,747)
Payments of financing costs      (5,612,855)
Net cash provided by financing activities 833,134 2,220,744 160,464,454
Net (decrease) increase in cash and cash equivalents (119,315) (37,329) 16,528
Cash and cash equivalents, beginning of period 135,843 98,514  
Cash and cash equivalents, end of period 16,528 135,843 16,528
Supplemental cash flow disclosures:      
Cash paid for interest      628,406
Supplemental disclosure of non-cash investing and financing activity:      
Conversion of notes payable to common stock 5,827,588 7,172,412 13,000,000
Capital contribution related to forgiveness of accrued interest    6,328,306 6,328,306
Accrued interest reclassified in connection with conversion of Series F convertible redeemable preferred stock to common stock    640,874 640,874
Supplemental disclosure of other non-cash transactions:      
Receipt of marketable securities as payment for license agreement 1,146,000   1,146,000
Conversion of notes payable to future royalties $ 16,000,000   $ 16,000,000