- Definition

The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.

+ References+ Details

Related Party Transactions (Details) (USD $)	3 Months Ended		6 Months Ended		119 Months Ended	0 Months Ended	1 Months Ended
Related Party Transactions (Details) (USD $)	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 15, 2012 Dr. Bergstein	Jun. 30, 2013 Dr. Bergstein
Related Party Transactions
Value of proprietary patent rights and related technology						$ 2,000,000
Minimum market capitalization						200,000,000
Purchase price recorded to acquired in-process research and development expense	$ 4,084,521	$ 848,504	$ 7,246,247	$ 1,613,340	$ 18,691,915		$ 2,000,000