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Balance Sheets (Current Period Unaudited) (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 20,366,679 $ 14,991,488
Investment securities – available for sale, at fair value 25,202,875 8,037,620
Accrued interest receivable on investment securities 283,082 65,925
Advances and deposits for investigator grants 131,706 246,252
Other current assets 430,451 307,699
Total current assets 46,414,793 23,648,984
Property and equipment (at cost, less accumulated depreciation of $999,961 and $924,961, respectively) 1,039,621 1,114,621
Other assets:    
Deposits, deferred fees and other assets 477,293 567,188
Patent licensing fees, net 26,250 28,125
Total other assets 503,543 595,313
Total assets 47,957,957 25,358,918
Current liabilities:    
Accounts payable 4,180,805 2,339,768
Accrued liabilities 1,097,445 1,254,979
Notes payable - current portion 1,883,752 1,410,455
Deferred revenue - current portion 500,000  
Total current liabilities 7,662,002 5,005,202
Common stock warrant liability 3,635 4,283,932
Notes payable – non-current portion 3,173,389 3,661,147
Deferred revenue - non-current portion 4,375,000  
Other non-current liabilities 442,950 446,779
Total liabilities 15,656,976 13,397,060
Stockholders' equity:    
Preferred stock, $0.01 par value: 100,000 shares authorized and 20,000 and 5,000 shares issued at March 31, 2013 and December 31, 2012 and 5,037 and -0- shares outstanding at March 31, 2013 and December 31, 2012, respectively 50  
Common stock, $0.01 par value; 75,000,000 shares authorized and 51,497,856 and 37,967,708 shares issued at March 31, 2013 and December 31, 2012 and 50,835,477 and 37,302,785 shares outstanding at March 31, 2013 and December 31, 2012, respectively 514,979 379,677
Additional paid-in capital 190,743,338 165,276,069
Accumulated other comprehensive loss (158,556) (126,607)
Accumulated deficit (156,118,622) (150,876,770)
Subtotal 34,981,189 14,652,369
Treasury stock, at cost (662,379 and 664,921 shares at March 31, 2013 and December 31, 2012, respectively) (2,680,208) (2,690,511)
Total stockholders' equity 32,300,981 11,961,858
Total liabilities and stockholders' equity $ 47,957,957 $ 25,358,918