XML 26 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 4,363,712 $ 8,964,194
Restricted cash 547,883  
Prepaid expenses 104,022 81,166
Total current assets 5,015,617 9,045,360
Property and equipment, net 520,482 280,181
Other assets 166,139 53,639
Total assets 5,702,238 9,379,180
Current liabilities:    
Accounts payable 567,195 336,945
Loan payable-current portion 50,578  
Capital lease payable-current portion 30,724  
Derivative warrant liability 35,473,230 10,647,190
Accrued expenses 618,369 247,547
Total current liabilities 36,740,096 11,231,682
Loan payable-less current portion 83,794  
Capital lease payable-less current portion 38,042  
Total liabilities 36,861,932 11,231,682
Commitments and contingencies      
Stockholders' deficit:    
Common stock, $0.00001 par value, authorized 200,000,000 and 100,000,000 shares at December 31, 2011 and December 31, 2010, respectively; issued and outstanding 53,760,471 and 51,647,171 shares at December 31, 2011 and 2010, respectively. 538 516
Additional paid-in capital 16,656,830 11,235,829
Deficit accumulated during the development stage (47,817,062) (13,088,847)
Total stockholders' deficit (31,159,694) (1,852,502)
Total liabilities and stockholders' deficit $ 5,702,238 $ 9,379,180