XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended 115 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Operating Expenses:      
General and administrative $ 1,548,299 $ 1,907,220 $ 6,361,179
Professional fees 1,153,475 682,899 4,291,919
Research and development 1,423,286 640,730 6,067,063
Sales    269 1,292
Amortization 5,908 17,235 106,361
Depreciation 18,542 23,569 149,626
Total Operating Expenses 4,149,510 3,271,922 16,977,440
Loss from Operations (4,149,510) (3,271,922) (16,977,440)
Other Income (Expense):      
Interest income 767    5,096
Gain on debt restructuing       1,358,127
Loss on disposition of fixed assets (1,145)    (72,695)
Gain on settlement of accounts payable 133,142 124,889 258,031
Interest expense    (113,192) (316,326)
Total Other Income (Expense), net 132,764 11,697 1,232,233
Loss Before Provision for Income Taxes (4,016,746) (3,260,225) (15,745,207)
Provision for Income Taxes         
Net Loss (4,016,746) (3,260,225) (15,745,207)
Preferred Stock Dividend (167,945) (977,388) (1,145,333)
Net Loss Attributable to Common Stockholders $ (4,184,691) $ (4,237,613) $ (16,890,540)
Net loss per common share - Basic and Diluted $ (0.18) $ (0.24) $ (1.79)
Weighted Average Shares Used in per Share Calculation - Basic and Diluted 22,642,792 17,732,273 9,458,670