XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 32,114,967 $ 10,750,205
Accounts receivable, other 197,718 101,132
Prepaid expenses and other current assets 574,905 229,886
Total current assets 32,887,590 11,081,223
Equipment, net 3,174,567 3,288,108
Goodwill 2,715,000 2,715,000
Other intangible assets:    
Licenses 1,900,000 1,900,000
Acquired product rights 9,050,000 8,000,000
Accumulated amortization (4,004,857) (3,749,637)
Total other intangible assets 6,945,143 6,150,363
Derivative asset, warrant (note 7) 661,900 388,540
Other assets 21,976 21,976
Total assets 46,406,176 23,645,210
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable and accrued liabilities, other 5,002,940 5,090,795
Deferred revenue, current 12,543,961 12,507,471
Derivative liabilities (note 7) 2,419,908 279,302
Total current liabilities 19,966,809 17,877,568
Deferred revenue, long-term 1,561,159 1,647,249
Total liabilities 21,527,968 19,524,817
Commitments and contingencies      
Stockholders' equity:    
Preferred Stock, $.001 par value; 5,000,000 shares authorized in 2012 and 2011; 0 shares outstanding in 2012 and 2011      
Common Stock, $.001 par value; 75,000,000 shares authorized; 29,577,146 shares issued; 29,561,655 shares outstanding in 2012 and 2011, respectively 29,578 29,578
Additional paid-in capital 100,171,338 99,709,574
Treasury stock, at cost, 15,491 shares, 2012 and 2011 (47,183) (47,183)
Accumulated deficit (75,275,525) (95,571,576)
Total stockholders' equity 24,878,208 4,120,393
Total liabilities and stockholders' equity $ 46,406,176 $ 23,645,210