CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2011	Dec. 31, 2010
Current Assets:
Cash and cash equivalents	$ 13,244,883	$ 1,707,516
Prepaid expenses and other current assets	1,063,402	997,584
Total Current Assets	14,308,285	2,705,100
Property and equipment, net	5,773	7,749
Security deposits	14,025	14,025
Due from controlling shareholder	1,541,456	1,674,087
Total Assets	15,869,539	4,400,961
Current Liabilities:
Accounts payable	1,415,617	2,961,333
Accrued expenses	1,331,382	2,051,057
Total Current Liabilities	2,746,999	5,012,390
Derivative financial instruments, at estimated fair value-warrants	3,325,114	3,487,959
Total Liabilities	6,072,113	8,500,349
Stockholders' Equity/(Deficit):
Preferred stock, Authorized 20,000,000 shares at December 31, 2011 and 2010, none outstanding.
Common stock, par value of $.0001. Authorized 100,000,000 shares at December 31, 2011 and 2010. Outstanding 54,279,906 and 46,094,082 shares at December 31, 2011 and 2010, respectively	5,429	4,610
Additional paid-in capital	79,401,015	51,037,984
Deficit accumulated during development stage	(69,609,018)	(55,141,982)
Total Stockholders' Equity (Deficit)	9,797,426	(4,099,388)
Total Liabilities and Stockholders' Equity (Deficit)	$ 15,869,539	$ 4,400,961