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Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Royalties $ 0 $ 0 $ 0 $ 0
Costs and expenses:        
Research and development 836,582 696,287 1,342,957 1,257,536
General and administrative 1,015,701 601,502 1,645,603 1,698,248
Costs and expenses 1,852,283 1,297,789 2,988,560 2,955,784
Interest (income) expense (443) 9,165,429 (833) 10,041,292
Net loss (1,851,840) (10,463,218) (2,987,727) (12,997,076)
Dividends on Series A convertible preferred stock 0 (83,750) 0 (335,000)
Net loss attributable to common shareholders $ (1,851,840) $ (10,546,968) $ (2,987,727) $ (13,332,076)
Net loss per share (basic and diluted) $ (0.07) $ (0.56) $ (0.12) $ (0.86)
Weighted average number of common shares outstanding (basic and diluted) 27,023,038 18,979,559 25,200,535 15,568,841