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Consolidated Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Revenues:    
Royalties $ 0 $ 669,310
Revenues 0 669,310
Costs and expenses:    
Research and development 2,749,430 2,375,339
General and administrative 2,990,589 2,797,971
Costs and expenses 5,740,019 5,173,310
Interest (income) expense, net (1,658) 10,041,224
Net loss (5,738,361) (14,545,224)
Dividends on Series A convertible preferred stock 0 (335,000)
Net loss attributable to common shareholders $ (5,738,361) $ (14,880,224)
Net loss per share (basic and diluted) (in dollars Per share) $ (0.22) $ (0.78)
Weighted average number of common shares outstanding (basic and diluted) (in shares) 26,125,852 19,055,064