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Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended 82 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Operating expenses:          
Research and development $ 1,374,852 $ 1,016,865 $ 3,622,800 $ 3,045,426 $ 12,506,634
General and administrative 1,466,049 1,196,455 4,433,929 3,095,877 12,685,466
Total operating expenses 2,840,901 2,213,320 8,056,729 6,141,303 25,192,100
Operating loss (2,840,901) (2,213,320) (8,056,729) (6,141,303) (25,192,100)
Other income (expense):          
Other income             383,000
Interest income 13,061 4,778 27,842 7,539 47,891
Interest expense (12,454)    (28,147) (7,150) (1,094,478)
Derivatives gain (loss) 10,869,209 5,275,591 21,436,653 6,559,835 (8,581,508)
Other income 10,869,816 5,280,369 21,436,348 6,560,224 (9,245,095)
Net income (loss) $ 8,028,915 $ 3,067,049 $ 13,379,619 $ 418,921 $ (34,437,195)
Net income(loss)per share, basic $ 0.12 $ 0.06 $ 0.21 $ 0.01 $ (1.01)
Net income (loss) per share,diluted $ 0.11 $ 0.06 $ 0.19 $ 0.01 $ (1.01)
Weighted average number of common shares outstanding, basic 65,109,037 51,889,111 62,357,300 51,743,138 34,226,324
Weighted average number of common shares outstanding ,diluted 74,157,957 54,269,856 71,734,784 54,198,981 34,226,324