CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2012	Dec. 31, 2011
Current Assets:
Cash and cash equivalents	$ 27,426,900	$ 13,244,883
Available-for-sales securities	16,149,789
Prepaid expenses and other current assets	1,408,719	1,063,402
Total Current Assets	44,985,408	14,308,285
Property and equipment, net	2,464	5,773
Available-for-sale securities long term	4,010,787
Security deposits	19,511	14,025
Due from related party	1,936,609	1,541,456
Total Assets	50,954,779	15,869,539
Current Liabilities:
Accounts payable	1,154,469	1,415,617
Accrued expenses	3,765,094	1,331,382
Total Current Liabilities	4,919,563	2,746,999
Derivative financial instruments, at estimated fair value-warrants	4,803,717	3,325,114
Total Liabilities	9,723,280	6,072,113
Stockholders' Equity:
Preferred stock, Authorized 20,000,000 shares, at June 30, 2012 and December 31, 2011, none outstanding
Common stock, par value of $.0001 authorized 100,000,000 shares, outstanding 65,806,178 and 54,279,906 shares at June 30, 2012 and December 31, 2011, respectively	6,582	5,429
Additional paid-in capital	128,415,027	79,401,015
Deficit accumulated during development stage	(87,190,110)	(69,609,018)
Total Stockholders' Equity	41,231,499	9,797,426
Total Liabilities and Stockholder's Equity	$ 50,954,779	$ 15,869,539