General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
 3 Months Ended 12 Months Ended 110 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
COSTS AND EXPENSES:          
Research and development $ 1,328,314 $ 471,404 $ 3,599,080 $ 2,984,207 $ 20,805,039
General and administrative 997,671 131,726 2,692,433 1,156,549 9,662,611
Merger costs   250,434 746,207 52,925 799,133
Total costs and expenses 2,325,985 853,564 7,037,720 4,193,681 31,266,783
LOSS FROM OPERATIONS (2,325,985) (853,564) (7,037,720) (4,193,681) (31,266,783)
OTHER INCOME (EXPENSE):          
Grant income   44,479 44,479 200,000 244,479
Loss on derivative warrants (28,846)   (12,158)   (12,158)
Interest expense, net (2,072) (156,167) (430,023) (566,156) (447,125)
Other income (expense)       (426) 1,161
Total other expense, net (30,918) (111,688) (397,702) (366,582) (213,643)
NET LOSS $ (2,356,903) $ (965,252) $ (7,435,422) $ (4,560,263) $ (31,480,426)
BASIC AND DILUTED NET LOSS PER COMMON SHARE $ (0.06) $ (0.08) $ (0.31) $ (0.36) $ (2.84)
SHARES USED IN COMPUTING BASIC AND DILUTED NET LOSS PER COMMON SHARE 36,910,217 12,820,102 23,959,008 12,820,102 11,090,838