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Condensed Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended 103 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Cash flows from operating activities:      
Net loss $ (14,978,879) $ (4,221,184) $ (41,560,070)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 34,331 13,712 63,793
Interest accrued on promissory note 0 1,264 0
Change in fair value of warrant liability (5,018,224) 1,517,583 (4,404,209)
Financing expense 368,524 0 368,524
Stock-based compensation 382,611 958,121 8,540,460
Common stock issued for services 0 0 98,703
Common stock issued for research and development 0 0 1,335,760
Changes in assets and liabilities:      
Other assets (501,714) (240,585) (670,583)
Accounts payable 91,421 77,636 1,225,012
Accrued liabilities 397,899 329,557 842,648
Net cash used in operating activities (9,187,583) (4,599,062) (25,351,544)
Cash flows from investing activities:      
Purchase of property and equipment (5,668) (65,108) (151,532)
Cash paid for sale of Optical Molecular Imaging, Inc. 0 0 (25,000)
Net cash used in investing activities (5,668) (65,108) (176,532)
Cash flows from financing activities:      
Proceeds from exercise of stock options 20,500 382,680 450,713
Proceeds from exercise of warrants 3,153,852 0 3,616,600
Payments on promissory note receivable 0 53,018 53,018
Proceeds from issuance of common stock and warrants net of offering costs 9,371,370 7,460,129 27,508,979
Proceeds from issuance of preferred stock and warrants, net of offering costs 0 0 3,779,158
Proceeds from issuance of common stock 0 0 125,247
Net cash provided by financing activities 12,545,722 7,895,827 35,533,715
Increase in cash and cash equivalents 3,352,471 3,231,657 10,005,639
Cash and cash equivalents, beginning of period 6,653,168 5,319,776 0
Cash and cash equivalents, end of period 10,005,639 8,551,433 10,005,639
Supplemental cash flows disclosures:      
Interest expense paid 0 0 0
Income taxes paid 0 0 0
Supplemental non-cash financing disclosures:      
Exercise of warrants in exchange for promissory note 0 0 3,350,000
Redemption of preferred stock for repayment of promissory note 0 0 3,350,000
Deemed dividend on redemption of preferred stock 0 0 2,092,500
Warrant liability converted to additional paid-in capital 1,944,688 0 1,944,688
Deposits used to acquire property and equipment $ 35,882 $ 0 $ 35,882