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Consolidated Statements of Cash Flows (USD $)
9 Months Ended 251 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Cash flows from operating activities:      
Net loss $ (1,180,574) $ (1,186,370) $ (199,874,118)
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 1,091 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 21,548 (43,353) 526,156
(Increase) decrease in deferred charges 2,765 (65,436) (61,749)
Increase (decrease) in accounts payable and accrued expenses (595,705) 81,826 1,386,866
Increase in accrued interest payable 338,166 319,742 8,585,798
Increase (decrease) in deferred revenue (55,296) 162,712 146,281
Increase (decrease) in current liabilities (60,126) 74,976 (42,450)
Increase in other long-term liabilities   33,750 33,750
Decrease in accrued lease         
Net cash used for operating activities (1,300,953) (621,062) (161,855,859)
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   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 175,000   500,000
Proceeds from issuance of preferred stock     39,922,170
Preferred stock conversion inducement     (600,564)
Proceeds from issuance of promissory notes 275,000 510,000 59,270,000
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 450,000 510,000 160,914,454
Net (decrease) increase in cash and cash equivalents 10,664 (111,062) 27,192
Cash and cash equivalents, beginning of period 16,528 135,843  
Cash and cash equivalents, end of period 27,192 24,781 27,192
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