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CONDENSED BALANCE SHEETS (Unaudited) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 6,036,220 $ 14,344,088
Short-term investments 17,000,000 24,000,000
Receivables 2,451 109,802
Interest receivable 77,960 26,517
Prepaid expenses and other current assets 875,093 1,212,041
Total current assets 23,991,724 39,692,448
Equipment and furnishings, net 188,235 253,277
Goodwill 183,780 183,780
Other assets 103,271 102,271
Total assets 24,467,010 40,231,776
Current liabilities:    
Accounts payable 2,865,616 3,060,516
Accrued expenses and other current liabilities 3,314,859 3,033,189
Warrant liabilities 7,144,554 3,972,230
Total current liabilities 13,325,029 10,065,935
Commitments and contingencies      
Stockholders' equity    
Preferred Stock, $0.01 par value, 5,000,000 shares authorized, including 25,000 shares of Series A Junior Participating Preferred Stock; no shares issued and outstanding 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized; 30,608,392 shares issued and outstanding at September 30, 2013; 30,607,916 shares issued and outstanding at December 31, 2012 30,609 30,608
Additional paid-in capital 262,656,237 261,318,638
Treasury stock, at cost (132,980 shares at September 30, 2013 and 90,546 shares at December 31, 2012) (2,373,442) (2,279,238)
Accumulated deficit (249,171,423) (228,904,167)
Total stockholders' equity 11,141,981 30,165,841
Total liabilities and stockholders' equity $ 24,467,010 $ 40,231,776