XML 25 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents $ 17,211,098 $ 27,996,871
Accounts receivable 68,360  
Inventory 473,454  
Prepaid expenses and other current assets 664,463 1,061,550
Total Current Assets 18,417,375 29,058,421
Property and equipment, net 3,214,932 1,626,791
Patents and trademarks, net 53,258 59,208
Deferred financing costs   62,391
Deferred public offering cost 144,199  
Other assets 71,235 586,498
Total Assets 21,900,999 31,393,309
Current Liabilities:    
Accounts payable (includes related parties of $50,000 and $36,027-as of June 30, 2012 and December 31, 2011, respectively) 1,328,742 670,950
Accrued expenses 976,775 745,754
Deferred revenue (ST) 47,334  
Other current liabilities 43,270 30,993
Total Current Liabilities 2,396,121 1,447,697
Long Term Liabilities:    
Deferred rent 140,994 138,216
Deferred revenue (LT) 40,640  
Total Long Term Liabilities 181,634 138,216
Total Liabilities 2,577,755 1,585,913
COMMITMENTS, CONTINGENCIES and LITIGATION (Note 8)      
Stockholders Equity    
Preferred stock - $0.10 par value; authorized 10,000,000 shares: issued and outstanding: none      
Common stock $.001 par value; authorized 45,000,000 shares; issued and outstanding 30,332,217 shares at June 30, 2012 and 30,307,538 at December 31, 2011 30,332 30,308
Additional paid-in capital 150,057,460 149,304,424
Accumulated deficit (130,764,548) (119,527,336)
Stockholders' Equity 19,323,244 29,807,396
Total Liabilities and Stockholders' Equity $ 21,900,999 $ 31,393,309