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Condensed Consolidated Statement of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities:    
Net (loss) income $ (26,137,651) $ 10,533,257
Adjustments to reconcile net (loss) income to net cash flows from operating activities:    
Depreciation and amortization 685,759 745,396
Derivative (gain) loss (1,417,537) 5,346,039
Purchase of Arcion license with common stock 2,072,136  
Stock-based compensation expense 1,365,259 700,008
Changes in assets and liabilities:    
Accounts receivable 11,796 78,040
Prepaid expenses and other assets (21,672) 100,759
Accounts payable and accrued expenses 1,121,820 751,170
Income tax payable 85,000  
Deferred revenue (3,530,926) 14,697,863
Net cash flows from operating activities (25,766,016) 32,952,532
Investing activities:    
Purchase of equipment (1,648) (24,792)
Purchase of intangible assets   (1,050,000)
Net cash flows from investing activities (1,648) (1,074,792)
Financing activities:    
Proceeds from exercise of stock options 9,235 410,402
Change in amounts due to related parties   (7,805)
Net cash flows from financing activities 9,235 402,597
Net change in cash and cash equivalents (25,758,429) 32,280,337
Cash and cash equivalents at beginning of period 63,189,307 10,750,205
Cash and cash equivalents at end of period $ 37,430,878 $ 43,030,542