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Condensed Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 9,118,503 $ 12,200,800
Accounts receivable 702,789 1,553,091
Accounts receivable – Tarsa 315,297 186,263
Inventory, net 1,922,522 1,417,934
Prepaid expenses and other current assets 691,728 699,950
Due from former China joint venture partner 600,000  
Total current assets 13,350,839 16,058,038
Noncurrent inventory 2,319,310 2,881,980
Property, plant and equipment, net 2,841,897 3,190,117
Patents and other intangibles, net 2,799,027 2,670,044
Investment in China joint venture   3,175,925
Deferred financing costs, net 140,375 181,457
Other assets 345,071 313,382
Total assets 21,796,519 28,470,943
Current liabilities:    
Accounts payable 1,234,019 974,998
Accrued expenses 2,031,257 2,834,345
Current portion - deferred licensing fees 3,142,828 2,290,916
Current portion - deferred gain on sale/leaseback 116,760  
Due to China joint venture partner   1,200,000
Notes payable – Levys 300,000  
Total current liabilities 6,824,864 7,300,259
Note payable–Victory Park, net of discount of $5,577,412 in 2011 and $7,209,700 in 2010 27,422,588 25,790,300
Notes payable – Levys 14,437,518 14,737,518
Accrued interest –Victory Park and Levys 13,138,126 9,285,359
Accrued expenses, excluding current portion 162,296 162,296
Deferred licensing fees, excluding current portion 13,164,759 11,152,037
Deferred gain on sale/leaseback, excluding current portion 690,866  
Deferred compensation 488,993 471,890
Total liabilities 76,330,010 68,899,659
Stockholders’ deficit:    
Common Stock - par value $.01 per share, authorized 275,000,000 shares in 2011 and 2010; issued 92,681,832 shares in 2011 and 92,475,597 shares in 2010 926,818 924,756
Additional paid-in capital 130,200,936 129,227,058
Accumulated deficit (185,661,245) (170,580,263)
Treasury Stock – at cost (26,650 shares in 2010)   (267)
Total stockholders’ deficit (54,533,491) (40,428,716)
Total liabilities and stockholders’ deficit $ 21,796,519 $ 28,470,943