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Income Taxes And Tax Status (Tables)
12 Months Ended
Dec. 31, 2013
Income Taxes And Tax Status [Abstract]  
Schedule Of Effective Income Tax Rate Reconciliation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

Tax benefit at statutory rate

$

(9,476,580)

 

 

(6,909,416)

 

 

(4,954,940)

State tax benefit

 

(975,530)

 

 

(711,263)

 

 

(510,067)

Increase in valuation allowance

 

10,648,966 

 

 

7,640,454 

 

 

5,722,492 

Research and development credit

 

(299,044)

 

 

(239,216)

 

 

(272,117)

Capital loss

 

 

 

 

 

(38,439)

Other

 

102,188 

 

 

219,441 

 

 

53,071 

 

$

 

$

 

$

 

 

 

 

 

 

 

 

 

 

Schedule Of Deferred Tax Assets And Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

Gross deferred tax assets:

 

 

 

 

 

Net operating loss carry-forward

$

94,742,725 

 

$

85,844,921 

Research and development credit

 

7,618,821 

 

 

7,319,776 

Stock compensation

 

3,548,655 

 

 

2,882,576 

Patents and other

 

1,828,103 

 

 

1,770,367 

Fixed assets

 

121,179 

 

 

125,737 

Accrued liabilities

 

80,204 

 

 

64,507 

Capital loss carry-forward

 

5,652 

 

 

38,439 

Charitable Contributions

 

4,500 

 

 

 

 

107,949,839 

 

 

98,046,323 

Less valuation allowance

 

(107,949,839)

 

 

(98,006,927)

 

 

 

 

39,396 

Gross deferred tax liabilities:

 

 

 

 

 

Gains on the cash surrender value of life insurance

 

 

 

39,396 

  

 

 

 

39,396 

Net deferred tax asset

$

 

$

 

 

 

 

 

 

 

Schedule Of Unrecognized Tax Benefits Roll Forward

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the years ended December 31,

 

2013

 

2012

 

2011

Unrecognized tax benefits – beginning of year

$

1,369,614 

 

 

1,369,614 

 

 

1,369,614 

Gross increases – tax positions in prior period

 

 

 

 

 

Change in Estimate

 

 

 

 

 

Unrecognized tax benefits – end of year

$

1,369,614 

 

 

1,369,614 

 

 

1,369,614