Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet

v2.4.0.6
Balance Sheet (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents $ 8,101,112 $ 9,861,488
Marketable securities (note 3) 1,950,000 1,950,000
Prepaid expenses and other current assets (note 4) 287,252 333,171
Note receivable (note 5) 11,676 18,682
Total Current Assets 10,350,040 12,163,341
Restricted Cash Equivalents (note 17) 1,275,631 1,431,765
Equipment, Net (note 6) 83,821 94,542
Total Assets 11,709,492 13,689,648
Current Liabilities:    
Accounts payable and accrued expenses (note 7) 1,020,011 1,185,405
Deferred Research and Development Arrangement (note 8) 806,250 825,000
Other Liabilities (note 9) 95,135 104,388
Warrant Liabilities (note 14) 1,130,586 868,725
Total Liabilities 3,051,982 2,983,518
Commitments and Contingencies (note 17)      
Stockholders' Equity (note 12):    
Preferred stock, par value $0.0001, 100,000,000 authorized shares, none issued and outstanding 0 0
Common stock, par value $0.0001, 500,000,000 authorized shares, 95,359,861 issued and 95,345,656 oustanding 9,536 9,536
Additional paid-in capital 67,900,791 67,809,617
Accumulated deficit during the development stage (59,224,407) (57,084,613)
Treasury stock, 14,205 shares, at cost (28,410) (28,410)
Total Stockholders' Equity 8,657,510 10,706,130
Total Liabilities and Stockholders' Equity $ 11,709,492 $ 13,689,648