XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Balance Sheets (Unaudited) (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 4,606,267 $ 5,718,504
Investment securities – available for sale, at fair value 47,255,487 37,156,381
Accrued interest receivable on investment securities 339,791 212,048
Advances, deposits and other current assets 620,979 675,186
Total current assets 52,822,524 43,762,119
Property and equipment (at cost, less accumulated depreciation of $1,349,690 and $1,264,190, respectively) 747,386 832,886
Other assets:    
Deposits, deferred fees and other assets 1,120,931 1,054,942
Patent licensing fees, net 18,750 20,625
Total other assets 1,139,681 1,075,567
Total assets 54,709,591 45,670,572
Current liabilities:    
Accounts payable 2,102,013 1,452,436
Accrued liabilities 2,205,838 2,707,653
Notes payable - current portion 439,218 10,891
Deferred revenue - current portion 500,000 500,000
Total current liabilities 5,247,069 4,670,980
Common stock warrant liability   3,026
Notes payable – non-current portion 4,560,782 5,000,000
Deferred revenue - non-current portion 3,875,000 4,000,000
Other non-current liabilities 467,545 472,731
Total liabilities 14,150,396 14,146,737
Stockholders' equity:    
Common stock, $0.01 par value; 75,000,000 shares authorized; 17,347,665 and 13,737,970 shares issued at March 31, 2014 and December 31, 2013, and 17,217,066 and 13,604,975 shares outstanding at March 31, 2014 and December 31, 2013, respectively 173,477 137,380
Additional paid-in capital 217,535,506 203,139,142
Accumulated other comprehensive loss (27,897) (44,166)
Accumulated deficit (174,744,150) (169,287,157)
Subtotal 42,936,936 33,945,199
Treasury stock, at cost (130,599 and 132,995 shares at March 31, 2014 and December 31, 2013, respectively) (2,377,741) (2,421,364)
Total stockholders' equity 40,559,195 31,523,835
Total liabilities and stockholders' equity $ 54,709,591 $ 45,670,572