Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 16,846,052 $ 7,443,773
Billed and unbilled receivables 10,000 3,333
Deferred financing fees, current portion 507,334 0
Prepaid expenses 255,733 205,651
Total current assets 17,619,119 7,652,757
Property and equipment, net 230,971 230,397
Patents, net 1,137,701 807,357
Deferred financing fees, net of current portion 360,848 0
Other assets 64,897 59,568
Total assets 19,413,536 8,750,079
CURRENT LIABILITIES    
Accounts payable and accrued expenses 1,196,190 1,199,662
Accrued bonuses 465,868 465,865
Current portion of long term debt, net of discount 2,763,121 0
Derivative instruments 1,417,527 0
Other current liabilities 93,426 90,776
Total current liabilities 5,936,132 1,756,303
Long term debt, net of discount and current portion 4,934,210 0
Other long term liabilities 124,995 21,143
Total liabilities 10,995,337 1,777,446
Commitments and contingencies (Note 10)      
STOCKHOLDERS' EQUITY    
Preferred stock, 7,000,000 shares authorized, zero shares issued and outstanding 0 0
Common stock, $0.01 par value; 150 million shares authorized, 77,886,031 and 68,189,314 shares issued and outstanding in 2013 and 2012, respectively 778,860 681,893
Additional paid-in capital 136,058,135 114,884,915
Accumulated other comprehensive income 7,241 0
Accumulated deficit (128,426,037) (108,594,175)
Total stockholders' equity 8,418,199 6,972,633
Total liabilities and stockholders' equity $ 19,413,536 $ 8,750,079