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Statements of Operations (Interim Periods Unaudited) (USD $)
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3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Sep. 30, 2011
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Dec. 31, 2011
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Dec. 31, 2010
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Dec. 31, 2009
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| Revenues: | |||||||
| Related party license revenues | $ 650,000 | $ 650,000 | $ 1,950,000 | $ 1,950,000 | |||
| Service revenues | 163,381 | 414,115 | |||||
| Related party license and service revenues | 2,663,328 | 2,600,000 | 2,600,000 | ||||
| Product revenues | 318,447 | 504,902 | 831,472 | 703,983 | 1,154,838 | 69,450 | |
| Total revenues | 1,131,828 | 1,154,902 | 3,195,587 | 2,653,983 | 3,818,166 | 2,669,450 | 2,600,000 |
| Costs and operating expenses: | |||||||
| Cost of product revenues | 133,371 | 308,020 | 391,797 | 421,357 | 656,414 | 16,314 | |
| Research and development costs | 573,562 | 909,910 | 1,749,253 | 3,133,635 | 4,251,476 | 5,681,031 | 6,067,617 |
| Reversal of R&D obligation (see Note 9) | (882,537) | ||||||
| Costs of withdrawn IPO | 1,788,609 | ||||||
| Selling, general, and administrative | 1,441,934 | 1,367,644 | 4,585,082 | 3,709,120 | 4,831,814 | 4,698,786 | 3,595,917 |
| Total costs and operating expenses | 2,148,867 | 2,585,574 | 5,843,595 | 7,264,112 | 9,739,704 | 12,184,740 | 9,663,534 |
| Operating loss | (1,017,039) | (1,430,672) | (2,648,008) | (4,610,129) | (5,921,538) | (9,515,290) | (7,063,534) |
| Other income (expense): | |||||||
| Gain on change in fair value of derivative liability | 1,227,500 | ||||||
| Other income (expense), net | 21,112 | 480 | (3,513) | (2,431) | 104,850 | 413,623 | |
| Interest income | 7,200 | 425 | 10,180 | 3,218 | 3,481 | 10,403 | 106,197 |
| Interest expense | (85,828) | (705,839) | (2,507,582) | (1,846,164) | (2,498,204) | (1,590,471) | (152,473) |
| Loss before taxes | (8,311,411) | (9,454,235) | (7,109,810) | ||||
| Income tax expense | 49,250 | ||||||
| Net loss | $ (1,074,555) | $ (2,135,606) | $ (5,148,923) | $ (6,455,506) | $ (8,311,411) | $ (9,454,235) | $ (7,159,060) |
| Net loss per share attributable to common stockholders: | |||||||
| Basic and diluted (in Dollars per share) | $ (0.02) | $ (0.13) | $ (0.14) | $ (0.41) | $ (0.52) | $ (1.40) | $ (1.34) |
| Weighted average shares outstanding: | |||||||
| Basic and diluted (in Shares) | 47,531,093 | 16,041,240 | 37,807,188 | 15,919,249 | 15,961,371 | 6,773,714 | 5,336,633 |
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition
For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue from multiple-deliverable arrangements that include licensing fees and services revenue. Licensing revenue is consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity. Services revenue may be derived by providing other, nonspecified, services during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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