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Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 53,408,680 $ 13,000,372
Prepaid expenses 0 160,320
Total current assets 53,408,680 13,160,692
Property and equipment, net of accumulated depreciation of $3,071,386 and $2,531,917, at June 30, 2013 and December 31, 2012, respectively 9,854,828 1,536,658
Restricted cash 17,439 17,439
Total assets 63,280,947 14,714,789
Current liabilities    
Accounts payable 1,289,210 348,683
Bonus accrual 273,675 0
Deferred revenue 5,000,000 0
Total current liabilities 6,562,885 348,683
Total liabilities 6,562,885 348,683
Commitments and contingencies (Note 3)      
Shareholders’ equity    
Common stock, $0.001 par value; 100,000,000 shares authorized, 12,037,487 shares issued and outstanding at June 30, 2013 and 9,854,268 shares issued and outstanding at December 31, 2012 12,037 9,854
Additional paid-in capital 131,767,395 85,669,802
Accumulated deficit (75,061,370) (71,313,550)
Total shareholders’ equity 56,718,062 14,366,106
Total liabilities and shareholders’ equity $ 63,280,947 $ 14,714,789