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Condensed Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended 103 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Condensed Statements of Operations [Abstract]          
Revenues $ 0 $ 0 $ 0 $ 0 $ 300,000
Expenses:          
Research and development 2,378,917 1,241,165 6,567,086 3,016,562 17,115,965
Merger costs 0 0 0 0 73,977
Stock based compensation 33,887 324,283 382,611 958,121 8,602,616
General and administrative 1,004,181 634,241 2,647,301 1,767,852 11,638,781
Total expenses 3,416,985 2,199,689 9,596,998 5,742,535 37,431,339
Loss before other income (expense) and income taxes (3,416,985) (2,199,689) (9,596,998) (5,742,535) (37,131,339)
Interest income 1,858 1,123 4,867 3,768 344,002
Financing expense 0 0 (368,524) 0 (368,524)
Change in fair value of warrant liability 2,777,500 2,286,478 (5,018,224) 1,517,583 (4,404,209)
Net income (loss) before income taxes (637,627) 87,912 (14,978,879) (4,221,184) (41,560,070)
Income taxes 0 0 0 0 0
Net income (loss) (637,627) 87,912 (14,978,879) (4,221,184) (41,560,070)
Deemed dividend on redemption of preferred stock 0 0 0 0 (2,092,500)
Net loss attributable to common stock $ (637,627) $ 87,912 $ (14,978,879) $ (4,221,184) $ (43,652,570)
Income (loss) per share          
Basic $ (0.02) $ 0.00 $ (0.38) $ (0.16) $ (2.79)
Diluted $ (0.02) $ 0.00 $ (0.38) $ (0.16) $ (2.79)
Weighted average number of shares          
Basic 40,329,306 28,497,656 39,260,253 27,061,685 15,619,351
Diluted 40,329,306 33,752,060 39,260,253 27,061,685 15,619,351