Quarterly report pursuant to sections 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

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Condensed Statements of Cash Flows (Unaudited) (USD $)
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net loss $ (5,148,923) $ (6,455,506)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Depreciation and license amortization 309,987 249,203
Share-based compensation 1,651,280 757,200
Loss on change in fair value of derivative liability 7,439  
Amortization and write-off of debt issuance costs and original issue discounts (see Note 8) 2,056,552 1,042,097
Increase (decrease) in cash resulting from changes in:    
Accounts receivable 215,526 (198,537)
Inventory (237,057) 40,720
Prepaid expenses and other current assets (110,100) 9,838
Other assets 16,581 20,000
Accounts payable and accrued expenses (2,018,300) 1,682,172
Related party deferred revenue (1,950,000) (1,950,000)
Net cash flows from operating activities (5,207,015) (4,802,813)
Cash flows from investing activities:    
Purchases of property and equipment (93,256) (16,655)
Net cash flows from investing activities (93,256) (16,655)
Cash flows from financing activities:    
Net proceeds from issuance of convertible notes 3,424,950 3,310,000
Net proceeds from PIPE financing 5,516,495  
Proceeds from warrant exercise 600 2,250
Net cash flows from financing activities 8,942,045 3,312,250
Net change in cash and cash equivalents 3,641,774 (1,507,218)
Cash and cash equivalents, beginning of period 145,478 1,577,314
Cash and cash equivalents, end of period 3,787,252 70,096
Cash paid for:    
Income taxes      
Interest $ 26,274