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BALANCE SHEETS (Unaudited) (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 5,380,068 $ 1,138,916
Short-term investments 133,842 395,556
Prepaid expenses and other current assets 693,440 492,184
Total current assets 6,207,350 2,026,656
Property and equipment (at cost, less accumulated depreciation of $1,129,498 and $1,046,758, respectively) 479,422 378,672
Other assets:    
Deferred financing fees 85,918 0
Deposits and other assets 76,796 76,796
Patent licensing fees, net 39,375 43,125
Total other assets 202,089 119,921
Total assets 6,888,861 2,525,249
Current liabilities:    
Accounts payable 3,327,553 4,548,586
Other accrued liabilities 1,688,009 2,124,189
Note payable - current portion 120,152 123,465
Total current liabilities 5,135,714 6,796,240
Common stock warrant liability 665,991 248,131
Note payable - non-current portion 0 56,403
8% Series A Redeemable Convertible Preferred Stock, 100,000 shares authorized, 5,000 issued and 864 outstanding at June 30, 2011 (aggregate liquidation preference of $864,000 as of June 30, 2011) (Note 10) 597,744 0
Total liabilities 6,399,449 7,100,774
Stockholders' equity (deficit):    
Common stock, $0.01 par value; 75,000,000 shares authorized; 20,451,321 and 14,091,370 shares issued and 19,705,091 and 13,331,096 shares outstanding at June 30, 2011 and December 31, 2010, respectively 204,513 140,914
Additional paid-in capital 114,957,958 99,316,859
Accumulated other comprehensive income (loss) 21,551 (18,367)
Accumulated deficit (111,674,818) (100,938,261)
Subtotal 3,509,204 (1,498,855)
Treasury stock, at cost (746,230 and 760,274 shares at June 30, 2011 and December 31, 2010, respectively) (3,019,792) (3,076,670)
Total stockholders' equity (deficit) 489,412 (4,575,525)
Total liabilities and stockholders' equity (deficit) $ 6,888,861 $ 2,525,249