XML 30 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOMETAXES (Details) (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Components of the Company's net deferred tax asset      
Net operating loss carryforwards $ 63,969,813 $ 46,071,206  
Tax basis in intangible assets 4,095,269 4,452,360  
Deferred financing costs for tax 7,010,462 7,001,619  
Research & development credits 8,266,610 5,796,148  
Stock option expense 2,754,981 2,310,405  
Other 448,140 25,955  
Total deferred tax asset 86,545,275 65,657,693  
Valuation allowance (86,545,275) (65,657,693)  
Net deferred tax asset 0    
Income Taxes      
Net operating loss carryforwards 169,456,000    
Provision of valuation allowance to reduce deferred tax assets (as a percent) 100.00%    
Statutory federal income tax rate (as a percent) 34.50%    
Difference in the provision for income taxes computed by applying the statutory income rate to pre-tax income      
Tax at U.S. federal statutory rate (17,804,934) (15,937,695) (16,397,080)
State taxes, net of federal benefit (1,677,276) (1,501,377) (1,544,652)
Research and development credits (1,537,863) (966,941) (515,235)
Other, net 132,491 133,932 17,718
Change in valuation allowance 20,887,582 18,272,081 18,439,249
Total income tax expense $ 0    
Maximum
     
Income Taxes      
Number of years for which net operating loss carryforwards are available to reduce future taxable income 20 years