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BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 20,145,854 $ 1,138,916
Short-term investments 10,400,905 395,556
Refundable income taxes 0 0
Prepaid expenses and other current assets 961,726 492,184
Total current assets 31,508,485 2,026,656
Property and equipment (at cost, less accumulated depreciation of $643,472 and $1,046,758, respectively) 782,720 378,672
Other assets:    
Security deposit on letter of credit 250,000 0
Deposits and other assets 72,629 76,796
Patent license fees, net 35,625 43,125
Total other assets 358,254 119,921
Total assets 32,649,459 2,525,249
Current liabilities:    
Accounts payable - trade 4,010,203 4,548,586
Other accrued liabilities 2,031,934 2,124,189
Note payable - current portion 110,287 123,465
Total current liabilities 6,152,424 6,796,240
Common stock warrant liability 166,398 248,131
Note payable - non-current portion 71,602 56,403
Other liabilities - noncurrent 65,467 0
Total liabilities 6,455,891 7,100,774
Stockholders' (deficit) equity:    
Common stock - $0.01 par value (75,000,000 shares authorized; 33,899,057and 14,091,370 shares issued and 33,186,325 and 13,331,096 shares outstanding at December 31, 2011 and 2010, respectively) 338,991 140,914
Additional paid-in capital 153,237,225 99,316,859
Accumulated other comprehensive loss (276,700) (18,367)
Accumulated deficit (124,221,823) (100,938,261)
Subtotal 29,077,693 (1,498,855)
Treasury stock, at cost (712,732 and 760,274 shares at December 31 2011 and 2010, respectively) (2,884,125) (3,076,670)
Total stockholders' equity (deficit) 26,193,568 (4,575,525)
Total liabilities and stockholders' equity (deficit) $ 32,649,459 $ 2,525,249