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Balance Sheets (Unaudited) (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 11,708,110 $ 20,145,854
Short-term investments 12,287,271 10,400,905
Other current assets 939,163 961,726
Total current assets 24,934,544 31,508,485
Property and equipment (at cost, less accumulated depreciation of $747,631 and $643,472, respectively) 1,049,775 782,720
Other assets:    
Deposits, deferred fees and other assets 520,047 322,629
Patent licensing fees, net 31,875 35,625
Total other assets 551,922 358,254
Total assets 26,536,241 32,649,459
Current liabilities:    
Accounts payable 4,305,660 4,010,203
Accrued liabilities 1,890,412 2,031,934
Notes payable - current portion 493,949 110,287
Total current liabilities 6,690,021 6,152,424
Common stock warrant liability 536,121 166,398
Notes payable – non-current portion 4,605,384 71,602
Other liabilities 128,381 65,467
Total liabilities 11,959,907 6,455,891
Stockholders' equity:    
Common stock, $0.01 par value; 75,000,000 shares authorized and 33,899,057 shares issued at June 30, 2012 and December 31, 2011 and 33,227,679 and 33,186,325 shares outstanding at June 30, 2012 and December 31, 2011, respectively 338,991 338,991
Additional paid-in capital 153,867,900 153,237,225
Accumulated other comprehensive loss (315,600) (276,700)
Accumulated deficit (136,598,303) (124,221,823)
Subtotal 17,292,988 29,077,693
Treasury stock, at cost (671,378 and 712,732 shares at June 30, 2012 and December 31, 2011, respectively) (2,716,654) (2,884,125)
Total stockholders' equity 14,576,334 26,193,568
Total liabilities and stockholders' equity $ 26,536,241 $ 32,649,459