CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 2,237,618	$ 7,109,215
Other current assets	1,188,237	124,773
Total current assets	3,425,855	7,233,988
Property & equipment, net of accumulated depreciation of $1,418,344 and $1,193,601, respectively	1,327,649	1,029,236
Restricted cash	1,000,000
Deferred financing costs, net of amortization of $24,710 and $0, respectively	245,408
Total assets	5,998,912	8,263,224
Current liabilities:
Accounts payable	534,368	476,315
Accounts payable - related parties	8,333	15,000
Accrued expenses	358,070	576,545
Warrant derivative liabilities	2,451,524
Total current liabilities	3,352,295	1,067,860
Long term liabilities:
Total liabilities	3,659,627	1,067,860
Commitments and contingencies
Stockholders' equity:
Preferred stock, no par value, 10,000,000 shares authorized, none issued and outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized, 23,048,488 shares issued and outstanding	230,485	230,485
Additional paid in capital	109,686,066	107,645,666
Deficit accumulated during the development stage	(107,577,266)	(100,680,787)
Total stockholders' equity	2,339,285	7,195,364
Total liabilities and stockholders' equity	5,998,912	8,263,224
Unrelated Third Party
Long term liabilities:
Convertible debt, net of unamortized discount	259,934
Related Party Transactions
Long term liabilities:
Convertible debt, net of unamortized discount	$ 47,398