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Condensed Balance Sheets (Current Period Unaudited) (USD $)
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 3,998,867 $ 4,681,683
Accounts receivable 1,245,102 2,854,038
Accounts receivable - Tarsa   8,193
Inventory, net 674,703 1,283,550
Due from former China Joint Venture partner, net   600,000
Prepaid expenses and other current assets 632,969 862,761
Total Current Assets 6,551,641 10,290,225
Non-current inventory, net 1,434,866 1,946,647
Property, plant and equipment, net 2,804,064 2,977,058
Patents and other intangibles, net 1,995,503 2,020,458
Other assets 422,350 960,781
Total Assets 13,208,424 18,195,169
LIABILITIES AND STOCKHOLDERS’ DEFICIT    
Accounts payable 878,510 1,472,925
Accrued expenses 1,456,280 2,094,449
Accrued interest 12,183,289  
Embedded conversion feature liability 19,460,000 12,470,000
Current portion – Deferred licensing revenues 1,599,753 1,262,622
Current portion – Deferred gain on sale/leaseback 116,760 116,760
Current portion – Capital lease obligations 37,599  
Notes payable – Victory Park, net of discount of $7,624,378 at September 30, 2012 40,192,231 32,683,456
Notes payable – Founders 14,437,518 750,000
Total Current Liabilities 90,361,940 5,696,756
Notes payable – Victory Park, net of discount of $5,335,294 at December 31, 2011   32,683,456
Notes payable – Founders   13,987,518
Embedded conversion feature liability 19,460,000 12,470,000
Accrued interest 8,552,000 11,827,982
Deferred licensing revenues, excluding current portion 5,313,230 6,101,287
Deferred gain on sale/leaseback, excluding current portion 544,913 632,483
Capital lease obligations, excluding current portion 37,986  
Deferred compensation 525,154 492,851
Total Liabilities 96,783,223 83,892,333
Commitments and Contingencies      
Common Stock – par value $.01 per share, authorized 275,000,000 shares; issued 95,586,644 shares at September 30, 2012 and 95,215,599 at December 31, 2011 955,866 952,156
Additional paid-in capital 116,755,672 115,691,958
Accumulated deficit (201,286,337) (182,341,278)
Total Stockholders’ Deficit (83,574,799) (65,697,164)
Total Liabilities and Stockholders’ Deficit $ 13,208,424 $ 18,195,169