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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
Jun. 30, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 12,659,843 $ 22,211,897
Inventory 55,018 51,174
Prepaid expenses and other current assets 1,891,383 2,692,303
Total current assets 14,606,244 24,955,374
Equipment, net 1,298,638 1,347,779
Deferred license and consulting fees 756,510 843,944
Deposits 67,395 63,082
Intangible assets, net 21,652,621 18,619,516
TOTAL ASSETS 38,381,408 45,829,695
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 2,485,992 2,681,111
Deferred grant income 0 261,777
Deferred license revenue, current portion 476,217 203,767
Total current liabilities 2,962,209 3,146,655
LONG-TERM LIABILITIES    
Deferred license revenue, net of current portion 826,614 899,551
Deferred rent, net of current portion 61,324 66,688
Other long term liabilities 236,881 258,620
Total long-term liabilities 1,124,819 1,224,859
Commitments and contingencies      
EQUITY    
Preferred shares, no par value, authorized 1,000,000 shares; none issued      
Common shares, no par value, authorized 75,000,000 shares; 50,790,391 issued, and 49,504,217 outstanding at June 30, 2012 and 50,321,962 issued, and 49,035,788 outstanding at December 31, 2011 120,163,339 115,144,787
Contributed capital 93,972 93,972
Accumulated other comprehensive income (181,607) (122,749)
Accumulated deficit (90,899,131) (80,470,009)
Treasury stock at cost: 1,286,174 shares at June 30, 2012 and at December 31, 2011 (6,000,000) (6,000,000)
Total shareholders' equity 23,176,573 28,646,001
Non-controlling interest 11,117,807 12,812,180
Total equity 34,294,380 41,458,181
TOTAL LIABILITIES AND EQUITY $ 38,381,408 $ 45,829,695