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Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current Assets    
Cash and cash equivalents $ 14,390,120 $ 8,086,200
Prepaid expenses and other current assets 93,665 0
Total Current Assets 14,483,785 8,086,200
Equipment and furnishings, less accumulated depreciation of $413,219 and $409,442 23,690 21,320
Patents, net of amortization of $5,782,817 and $5,447,257, respectively 5,932,628 6,268,188
Other assets 27,000 27,000
Total Assets 20,467,103 14,402,708
Current Liabilities    
Accounts payable - trade 373,043 418,477
Accrued compensation and payroll taxes 168,537 781,262
Accrued consulting expense 71,000 110,000
Other accrued expenses 40,000 40,000
Total Current Liabilities 652,580 1,349,739
Warrant liability 5,039,950 2,353,396
Total Liabilities 5,692,530 3,703,135
Stockholders' Equity    
Preferred stock; par value $.001 per share; 25,000,000 shares authorized; 4,218,332 and 5,389,998 shares issued and outstanding, respectively, liquidation preference (in aggregate $3,227,973 and $4,122,245, respectively) 4,218 5,390
Common stock; par value $.001 per share; 150,000,000 authorized; 108,659,601 and 91,297,883 shares issued and outstanding, respectively 108,660 91,298
Paid-in capital 110,551,690 96,952,908
Deficit accumulated during the development stage (95,889,995) (86,350,023)
Total Stockholders' Equity 14,774,573 10,699,573
Total Liabilities And Stockholders' Equity $ 20,467,103 $ 14,402,708