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Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 11,608,289 $ 3,747,210
Cash restricted pursuant to letters of credit 657,463 407,463
Deferred financing costs, current portion 968,004 968,004
Prepaid expenses and other current assets 210,321 75,626
Total current assets 13,444,077 5,198,303
Property and Equipment, at cost:    
Computer equipment 312,443 367,854
Office and laboratory equipment (including assets under capitalized leases) 710,011 732,296
Furniture and fixtures 734,772 728,269
Manufacturing equipment 111,980 156,435
Leasehold improvements 836,471 818,939
Property and equipment, at cost 2,705,677 2,803,793
Less-Accumulated depreciation and amortization (1,045,825) (1,165,398)
Net property and equipment (including assets under capitalized leases) 1,659,852 1,638,395
Other Assets:    
Intangible assets, net of accumulated amortization 9,625,000 9,625,000
Deferred financing costs, net of current portion 3,065,326 3,549,328
Other assets 11,066 10,566
Total other assets 12,701,392 13,184,894
Total assets 27,805,321 20,021,592
Current Liabilities:    
Accounts payable 2,264,576 2,319,219
Deferred revenue from licensing arrangements 90,228 90,228
Capital lease obligation, current portion 2,656 2,527
Derivative warrant liability 909,155 5,585,141
Accrued expenses and other liabilities 1,769,529 1,581,448
Total current liabilities 5,036,144 9,578,563
Capital lease obligation, net of current portion    1,361
Note payable, net of discount    120,834
Deferred revenue from licensing arrangements, net of current portion 45,114 90,228
Total liabilities 5,081,258 9,790,986
Series C, $0.01 par value, authorized 10,000 shares, issued and outstanding 9,974.185 shares at June 30, 2013 and December 31, 2012 100 100
Series D, $0.01 par value, authorized 3,600,000 shares, issued and outstanding 3,006,000 shares at June 30, 2013 and December 31, 2012 (preference in liquidation of $3,006,000) 30,060 30,060
Common Stock, $0.01 par value, authorized 150,000,000 shares, issued and outstanding 10,679,790 and 4,437,346 shares at June 30, 2013 and December 31, 2012, respectively 106,801 44,374
Additional paid-in capital 126,818,839 104,058,087
Accumulated deficit (104,231,737) (93,902,015)
Total stockholders' equity 22,724,063 10,230,606
Total liabilities and stockholders' equity $ 27,805,321 $ 20,021,592