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Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 15,707,956 $ 13,000,372
Prepaid expenses 0 160,320
Total current assets 15,707,956 13,160,692
Property and equipment, net of accumulated depreciation of $2,750,788 and $2,531,917, at March 31, 2013 and December 31, 2012, respectively 3,681,847 1,536,658
Restricted cash 17,439 17,439
Total assets 19,407,242 14,714,789
Current liabilities    
Accounts payable 419,518 348,683
Bonus accrual 273,675 0
Total current liabilities 693,193 348,683
Total liabilities 693,193 348,683
Commitments and contingencies (Note 3) 0 0
Shareholders’ equity    
Common stock, $0.001 par value; 100,000,000 shares authorized, 10,385,386 shares issued and outstanding at March 31, 2013 and 9,854,268 shares issued and outstanding at December 31, 2012 10,385 9,854
Additional paid-in capital 89,069,799 85,669,802
Accumulated deficit (70,366,135) (71,313,550)
Total shareholders’ equity 18,714,049 14,366,106
Total liabilities and shareholders’ equity $ 19,407,242 $ 14,714,789