Pro Forma Financial Information for Fiscal Years Ended December 31, 2012 and 2011 (UNAUDITED)

12 Months Ended

Dec. 31, 2012

Pro Forma Financial Information for Fiscal Years Ended December 31, 2012 and 2011 (UNAUDITED)

Pro Forma Financial Information for Fiscal Years Ended December 31, 2012 and 2011 (UNAUDITED)

22. Pro Forma Financial Information for Fiscal Years Ended December 31, 2012 and 2011 (UNAUDITED)

The following unaudited pro forma information gives effect to the acquisitions of CTI assets, merger with Glycosan, and merger with XenneX as if the transactions took place on January 1, 2011.  The pro forma information does not necessarily reflect the results of operations that would have occurred had the entities been a single company during the periods presented.

	Year Ended December 31,
	2012			2011
Revenues	$	4,206,973		$	5,111,792
(Loss) available to common shareholders	$	(21,323,187	)	$	(16,336,709	)
(Loss) per common share – basic	$	(0.43	)	$	(0.33	)
(Loss) per common share – diluted	$	(0.43	)	$	(0.33	)