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Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 6,068,469 $ 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 127,110 75,626
Total current assets 7,821,046 5,198,303
Property and Equipment, at cost:    
Computer equipment 323,489 367,854
Office and laboratory equipment (including assets under capitalized leases) 716,531 732,296
Furniture and fixtures 755,444 728,269
Manufacturing equipment 111,980 156,435
Leasehold improvements 825,589 818,939
Property and equipment, at cost 2,733,033 2,803,793
Less-Accumulated depreciation and amortization (1,146,135) (1,165,398)
Net property and equipment (including assets under capitalized leases) 1,586,898 1,638,395
Other Assets:    
Intangible assets, net of accumulated amortization 9,625,000 9,625,000
Deferred financing costs, net of current portion 2,823,325 3,549,328
Other assets 12,066 10,566
Total other assets 12,460,391 13,184,894
Total assets 21,868,335 20,021,592
Current Liabilities:    
Accounts payable 1,551,092 2,319,219
Deferred revenue from licensing arrangements, current portion 90,228 90,228
Capital lease obligation, current portion 2,017 2,527
Derivative warrant liability 979,155 5,585,141
Accrued expenses and other current liabilities 1,595,920 1,581,448
Total current liabilities 4,218,412 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 22,557 90,228
Total liabilities 4,240,969 9,790,986
Convertible Preferred Stock:    
Series C, $0.01 par value, authorized 10,000 shares, issued and outstanding 9,974.185 shares at September 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 September 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 10,699,990 and 4,437,346 shares at September 30, 2013 and December 31, 2012, respectively 107,003 44,374
Additional paid-in capital 126,958,986 104,058,087
Accumulated deficit (109,468,783) (93,902,015)
Total stockholders' equity 17,627,366 10,230,606
Total liabilities and stockholders' equity $ 21,868,335 $ 20,021,592