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Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUE      
Licensing revenue $ 100,000 $ 115,807  
Grant revenue   51,870 116,389
Royalty revenue 335,160 2,306,560 1,141,665
Total revenue 435,160 2,474,237 1,258,054
EXPENSES      
Research and development 44,182,260 39,705,502 13,680,573
General and administration 6,981,490 5,940,360 5,373,945
Acquired in-process research and development     9,000,000
Excess consideration paid over fair value     20,192,194
Licensing expense 50,000 268,750 299,616
Depreciation and amortization 148,240 167,986 137,280
Total expenses 51,361,990 46,082,598 48,683,608
OTHER      
Convertible note fair value adjustment (23,427) (1,870,916) 33,163
Investment impairment charge   (286,000)  
Interest expense (681,573) (688,083) (147,025)
Other income 15,000 244,479  
Interest income 8,326 12,665 11,648
Net loss $ (51,608,504) $ (46,196,216) $ (47,527,768)
Loss per common share:      
Basic (in dollars per share) $ (3.15) $ (4.21) $ (8.40)
Diluted (in dollars per share) $ (3.15) $ (4.21) $ (8.40)
Weighted average number of common and common equivalent shares outstanding:      
Basic (in shares) 16,397,618 10,985,291 5,658,608
Diluted (in shares) 16,397,618 10,985,291 5,658,608