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Condensed Balance Sheets (Unaudited) (USD $)
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 1,749,608 $ 4,681,683
Accounts receivable 1,068,152 2,854,038
Accounts receivable - Tarsa   8,193
Inventory, net 1,209,641 1,283,550
Due from former China Joint Venture partner, net   600,000
Prepaid expenses and other current assets 1,004,436 862,761
Total Current Assets 5,031,837 10,290,225
Non-current inventory 1,629,282 1,946,647
Property, plant and equipment, net 2,942,155 2,977,058
Patents and other intangibles, net 2,014,176 2,020,458
Other assets 415,049 960,781
Total Assets 12,032,499 18,195,169
LIABILITIES AND STOCKHOLDERS’ DEFICIT    
Accounts payable 1,047,712 1,472,925
Accrued expenses 2,041,858 2,094,449
Accrued interest 10,050,300  
Current portion – Deferred licensing revenues 1,626,170 1,262,622
Current portion – Deferred gain on sale/leaseback 116,760 116,760
Current portion – Capital lease obligations 36,656  
Embedded conversion feature liability 14,980,000 12,470,000
Note payable – Victory Park, net of discount of $3,439,791 at June 30, 2012 40,376,818 32,683,456
Notes payable – Founders 14,437,518 750,000
Total Current Liabilities 84,713,792 5,696,756
Note payable – Victory Park, net of discount of $5,335,294 at December 31, 2011   32,683,456
Notes payable – Founders   13,987,518
Accrued interest 8,115,065 11,827,982
Deferred licensing revenues, excluding current portion 5,575,920 6,101,287
Deferred gain on sale/leaseback, excluding current portion 574,103 632,483
Capital lease obligations, excluding current portion 47,747  
Deferred compensation 511,193 492,851
Total Liabilities 91,422,755 83,892,333
Commitments and Contingencies      
Common Stock – par value $.01 per share, authorized 275,000,000 shares; issued 95,414,927 shares at June 30, 2012 and 95,215,599 at December 31, 2011 954,149 952,156
Additional paid-in capital 116,439,489 115,691,958
Accumulated deficit (196,783,894) (182,341,278)
Total Stockholders’ Deficit (79,390,256) (65,697,164)
Total Liabilities and Stockholders’ Deficit $ 12,032,499 $ 18,195,169