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Consolidated Statements of Cash Flows (USD $)
6 Months Ended 248 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Cash flows from operating activities:      
Net loss $ (817,907) $ (614,209) $ (199,511,451)
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
Interest expense settled through issuance of notes payable     350,500
Expenses satisfied with the issuance of stock     28,680
Forgiveness of debt     (476,837)
Gain on early extinguishment of debt     (6,277,100)
Non-cash gain on restricted stock valuation     (58,814)
Non-cash interest expense     3,966,394
Non-cash charges related to options, warrants and common stock     11,115,437
Amortization of financing costs     25,188
Amortization and depreciation 1,186 893 2,893,141
Loss on sales of marketable securities 227,083   227,083
Changes in operating assets and liabilities:      
(Increase) decrease in prepaid expenses and other current assets 13,815 (39,043) 518,423
(Increase) decrease in deferred charges 1,843   (62,671)
Increase (decrease) in accounts payable and accrued expenses (551,892) 86,813 1,430,679
Increase in accrued interest payable 222,699 208,255 8,470,331
Increase (decrease) in deferred revenue (36,864)   164,713
Increase (decrease) in current liabilities (60,126)   (42,450)
Increase in other long-term liabilities     33,750
Decrease in accrued lease         
Net cash used for operating activities (1,000,163) (357,291) (161,555,069)
Cash flows from investing activities:      
Cash acquired through Merger     1,758,037
Purchases of property and equipment     (1,654,487)
Proceeds from the sale of property and equipment     3,430
Decrease in security deposits and other assets         
Decrease in indemnity fund         
Purchases of marketable securities     (132,004,923)
Sales and maturities of marketable securities 861,617   132,866,540
Net cash provided by investing activities 861,617 0 968,597
Cash flows from financing activities:      
Proceeds from issuance of common stock     66,731,339
Buyback of common stock     (28,222)
Advances from related party 100,000   425,000
Proceeds from issuance of preferred stock     39,922,170
Preferred stock conversion inducement     (600,564)
Proceeds from issuance of promissory notes 50,000 285,000 59,045,000
Proceeds from issuance of convertible debentures     9,000,000
Principal payments of notes payable/repurchase of debt     (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 150,000 285,000 160,614,454
Net (decrease) increase in cash and cash equivalents 11,454 (72,291) 27,982
Cash and cash equivalents, beginning of period 16,528 135,843  
Cash and cash equivalents, end of period 27,982 63,552 27,982
Supplemental cash flow disclosures:      
Cash paid for interest     628,406
Supplemental disclosure of non-cash financing activity:      
Conversion of notes payable to common stock     13,000,000
Capital contribution related to forgiveness of accrued interest     6,328,306
Accrued interest reclassified in connection with conversion of Series F convertible redeemable preferred stock to common stock     640,874
Receipt of marketable securities as payment for license agreement     1,146,000
Conversion of notes payable to future royalties     $ 16,000,000