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CONSOLIDATED STATEMENTS OF EXPENSES (USD $)
12 Months Ended 119 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Research and development $ 6,318,476 $ 3,340,038 $ 76,497,351
General and administrative 2,508,541 2,406,269 30,117,616
Depreciation 303,677 210,252 1,650,158
Loss on disposal of fixed assets 3,097 9,686 513,345
Operating loss (9,133,791) (5,966,245) (108,778,470)
Interest income 280 932 1,358,697
Other income and expense, net     661,146
Gain on extinguishment of debt     1,612,440
Gain on derivative instruments 552,978   1,941,826
Gain on sale of technology     3,000,000
Interest expense (350,300) (3,135) (9,407,259)
Net loss $ (8,930,833) $ (5,968,448) $ (109,611,620)
Basic and diluted loss per share $ (1.54) $ (1.06)  
Weighted average shares outstanding 5,785,372 5,633,124