XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 38,296,062 $ 63,189,307
Accounts receivable, other 885,448 520,812
Prepaid expenses and other current assets 454,675 226,064
Total current assets 39,636,185 63,936,183
Equipment, net 174,524 2,835,707
Idle equipment, net (note 1) 2,469,178  
Goodwill 2,715,000 2,715,000
Other intangible assets:    
Licenses 1,900,000 1,900,000
Acquired product rights 9,050,000 9,050,000
Accumulated amortization (5,510,913) (4,770,516)
Total other intangible assets 5,439,087 6,179,484
Derivative asset, warrant (note 1)    50,300
Other assets 131,860 21,976
Total assets 50,565,834 75,738,650
Current liabilities:    
Accounts payable and accrued liabilities 11,070,312 10,755,049
Notes payable, current 5,333,333  
Deferred revenue, current 4,074,844 7,990,231
Derivative liabilities (note 1) 3,948,006 4,497,977
Total current liabilities 24,426,495 23,243,257
Note payable, less current maturities 13,762,511  
Deferred revenue, long-term 1,330,051 2,718,180
Total liabilities 39,519,057 25,961,437
Commitments and contingencies      
Stockholders' equity:    
Preferred Stock, $.001 par value; 5,000,000 shares authorized; 2,709,300 shares of Series A Non-Voting Convertible Preferred Stock outstanding in 2013 and 2012 2,709 2,709
Common Stock, $.001 par value; 75,000,000 shares authorized; 38,181,544 and 37,497,703 shares issued; 38,166,053 and 37,482,212 shares outstanding in 2013 and 2012, respectively 38,182 37,499
Additional paid-in capital 149,596,562 143,703,583
Treasury stock, at cost, 15,491 shares, 2013 and 2012 (47,183) (47,183)
Accumulated deficit (138,543,493) (93,919,395)
Total stockholders' equity 11,046,777 49,777,213
Total liabilities and stockholders' equity $ 50,565,834 $ 75,738,650