CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2012	Dec. 31, 2011
Current Assets:
Cash and cash equivalents	$ 17,244,049	$ 13,244,883
Available-for-sales securities	20,123,315
Prepaid expenses and other current assets	1,285,246	1,063,402
Total Current Assets	38,652,610	14,308,285
Property and equipment, net	1,970	5,773
Security deposits	19,511	14,025
Due from related party	2,655,594	1,541,456
Total Assets	41,329,685	15,869,539
Current Liabilities:
Accounts payable	2,505,520	1,415,617
Accrued expenses	2,469,675	1,331,382
Total Current Liabilities	4,975,195	2,746,999
Derivative financial instruments, at estimated fair value-warrants	4,663,395	3,325,114
Total Liabilities	9,638,590	6,072,113
Stockholders' Equity:
Preferred stock, Authorized 20,000,000 shares, at September 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 September 30, 2012 and December 31, 2011, respectively	6,582	5,429
Additional paid-in capital	128,759,910	79,401,015
Deficit accumulated during development stage	(97,075,397)	(69,609,018)
Total Stockholders' Equity	31,691,095	9,797,426
Total Liabilities and Stockholders' Equity	$ 41,329,685	$ 15,869,539