XML 39 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments and Contingencies (Details) (USD $)
12 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 0 Months Ended 12 Months Ended
Nov. 02, 2012
item
Dec. 31, 2012
Employment and Consulting Agreements
Gary S. Jacob, Ph.D
item
Dec. 31, 2012
Employment and Consulting Agreements
Gary S. Jacob, Ph.D
Maximum
Dec. 31, 2012
Employment and Consulting Agreements
Gary S. Jacob, Ph.D
Minimum
Dec. 31, 2012
Employment and Consulting Agreements
Gabriele M. Cerrone
item
Dec. 31, 2010
Employment and Consulting Agreements
Gabriele M. Cerrone
item
Oct. 06, 2010
Employment and Consulting Agreements
Gabriele M. Cerrone
Dec. 31, 2012
Employment and Consulting Agreements
Gabriele M. Cerrone
Maximum
Dec. 31, 2012
Employment and Consulting Agreements
Gabriele M. Cerrone
Minimum
Dec. 31, 2012
Employment and Consulting Agreements
Bernard F. Denoyer
item
Jan. 02, 2013
Employment and Consulting Agreements
Bernard F. Denoyer
Subsequent Event
Dec. 31, 2012
Employment and Consulting Agreements
Bernard F. Denoyer
Maximum
Dec. 31, 2012
Employment and Consulting Agreements
Kunwar Shailubhai
item
Jan. 02, 2013
Employment and Consulting Agreements
Kunwar Shailubhai
Subsequent Event
Dec. 31, 2012
Employment and Consulting Agreements
Kunwar Shailubhai
Maximum
Mar. 30, 2012
Lease agreements
Corporate headquarters at 420 Lexington Avenue, New York
Mar. 28, 2012
Lease agreements
Corporate headquarters at 420 Lexington Avenue, New York
Aug. 28, 2012
Lease agreements
20th floor of 420 Lexington Avenue, New York
Dec. 31, 2012
Lease agreements
Small laboratory and several offices at Bucks County Biotechnology Center in Doylestown, Pennsylvania
Commitments and contingencies                                      
Renewal term of agreement                   1 year     1 year            
Current base salary per year   $ 425,000     $ 425,000         $ 200,850 $ 215,000   $ 250,000 $ 270,000          
Cash bonus, as a percentage of base salary per year based on meeting certain performance objectives and bonus criteria     50.00%         50.00%                      
Cash bonus, percentage of base salary at the discretion of the Compensation Committee of the Board of Directors                       25.00%     30.00%        
Enterprise value of the joint venture for receipt of realization bonus       250,000,000         250,000,000                    
License fees contracted to receive receipt of realization bonus       50,000,000         50,000,000                    
Multiplier percentage of enterprise value of joint venture or license fees of an out license for bonus realization   0.50%     0.50%                            
Enterprise value at the time of the merger or sale for receipt of bonus       400,000,000         400,000,000                    
Beneficial ownership of surviving entity after consummation of the merger, owned by stockholders prior to consummation of the merger or sale for receipt of bonus (as a percent)     20.00% 20.00%       20.00% 20.00%                    
Period after the merger or sale when enterprise value equals or exceed specified amount   12 months     12 months                            
Enterprise value at the time of merger or sale or twelve months after merger or sale for receipt of bonus       250,000,000         250,000,000                    
Multiplier percentage of enterprise value on fulfillment of specified criteria for bonus receipt   2.50%     2.50%                            
Period preceding termination for which average monthly base salary paid or accrued will be paid to individual as severance payment   3 months     3 months         3 months                  
Expense compensation multiplier of the sum of average base salary during the specified period preceding the termination   12     12                            
Period preceding the termination for which an average base salary will be paid to individual as expense compensation   3 months     3 months               3 months            
Period following the termination date for extension of the exercise period of options   10 years     10 years         10 years     10 years            
Period following termination for which cost of medical insurance will be paid   12 months     12 months         12 months     12 months            
Threshold required for realization bonus to be accrued on the cumulative gross proceeds of financing transactions, achieved             20,000,000                        
Realization bonus expense           1,211,912                          
Gross proceeds from financing transaction on cumulative basis subsequent to a specific date for deferment of bonus payment           30,000,000                          
Number of business days after termination of agreement without cause or good reason for deferment of bonus payment           10                          
Severance payment multiplier of the average monthly base compensation paid or accrued during specified period preceding the termination         12         12     12            
Monthly rate of lease                               $ 19,000 $ 16,000 $ 35,000 $ 2,800
Number of stockholder class action cases 2