Annual report pursuant to section 13 and 15(d)

Statements of Operations

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Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Related party license revenues $ 3,346,374 $ 2,600,000 $ 2,600,000
Service revenues 541,182 63,328  
Product revenues 1,170,679 1,154,838 69,450
Total revenues 5,058,235 3,818,166 2,669,450
Costs and operating expenses:      
Cost of product revenues 555,703 656,414 16,314
Research and development:      
Research and development costs 2,484,503 4,251,476 5,681,031
Reversal of R&D obligation (see Note 10) (882,537)    
Selling, general, and administrative 6,029,844 4,831,814 4,698,786
Costs of withdrawn IPO     1,788,609
Total costs and operating expenses 8,187,513 9,739,704 12,184,740
Operating loss (3,129,278) (5,921,538) (9,515,290)
Other income (expense):      
Gain (loss) on change in fair value of derivative liability (789)   1,227,500
Other income, net 3,586 104,850 413,623
Interest income 14,152 3,481 10,403
Interest expense (2,594,807) (2,498,204) (1,590,471)
Net loss $ (5,707,136) $ (8,311,411) $ (9,454,235)
Net loss per share attributable to common stockholders:      
Basic and diluted (in Dollars per share) $ (0.14) $ (0.52) $ (1.40)
Weighted average shares outstanding:      
Basic and diluted (in Shares) 40,374,048 15,961,371 6,773,714