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Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 27,799,387 $ 10,819,781
Accounts receivable 69,566 168,381
Prepaid expenses and other assets 129,393 60,041
Total current assets 27,998,346 11,048,203
Property and equipment, net 740,307 254,742
Other assets 411,912 362,081
Total assets 29,150,565 11,665,026
Current liabilities:    
Accounts payable 158,982 175,679
Accrued expenses 1,054,096 554,691
Current portion of long-term debt 147,618  
Total current liabilities 1,360,696 730,370
Long-term debt, less current portion 370,431  
Derivative financial instruments 6,281,284 8,765,628
Total liabilities 8,012,411 9,495,998
Commitments and contingencies (Note 9)      
Stockholders' equity:    
Preferred stock, $0.001 par value, 20,000,000 shares authorized, 60,600 and 95,600 shares outstanding at September 30, 2013 and December 31, 2012, respectively, designated as Series A Convertible Preferred Stock with liquidation preference of $606,000 and $956,000 at September 30, 2013 and December 31, 2012, respectively 60 96
Common stock, $0.0001 par value, 150,000,000 shares authorized,18,891,949 and 15,478,177 issued and outstanding at September 30, 2013 and December 31, 2012, respectively 1,889 1,547
Additional paid-in capital 87,141,485 57,370,017
Deficit accumulated during development stage (66,005,280) (55,202,632)
Total stockholders' equity 21,138,154 2,169,028
Total liabilities and stockholders' equity $ 29,150,565 $ 11,665,026