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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 1,842,118 $ 7,705,773
Prepaid expenses and other current assets 16,284  
Total Current Assets 1,858,402 7,705,773
Equipment and furnishings, less accumulated depreciation of $421,377 and $416,798 31,417 20,111
Patents, net of amortization of $6,621,717 and $6,118,377, respectively 5,093,728 5,597,068
Other assets 27,000 27,000
Total Assets 7,010,547 13,349,952
Current Liabilities    
Accounts payable - trade 280,615 101,102
Accrued compensation and payroll taxes 1,433,481  
Accrued consulting expense 102,000 71,000
Other accrued expenses 139,000 90,622
Total Current Liabilities 1,955,096 262,724
Long-Term Liability    
Warrant liability 1,631,590 3,067,488
Total Liabilities 3,586,686 3,330,212
Stockholders' Equity    
Preferred stock; par value $.001 per share; 25,000,000 shares authorized; 2,941,665 and 3,531,665 shares issued and outstanding, respectively, liquidation preference $0.75 per share (in aggregate $2,250,133 and $2,702,134, respectively) 2,941 3,531
Common stock; par value $.001 per share; 200,000,000 authorized; 113,701,071 and 110,596,798 shares issued and outstanding, respectively 113,701 110,597
Paid-in capital 119,739,223 115,690,334
Deficit accumulated during the development stage (116,432,004) (105,784,722)
Total Stockholders' Equity 3,423,861 10,019,740
Total Liabilities and Stockholders' Equity $ 7,010,547 $ 13,349,952