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

CONSOLIDATED STATEMENTS OF OPERATIONS

v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
 9 Months Ended 12 Months Ended 110 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
COSTS AND EXPENSES:          
Research and development $ 3,896,005 $ 2,445,429 $ 3,599,080 $ 2,984,207 $ 20,805,039
General and administrative 2,695,503 1,827,510 2,692,433 1,156,549 9,662,611
Merger costs 0 746,207 746,207 52,925 799,133
Total costs and expenses 6,591,508 5,019,146 7,037,720 4,193,681 31,266,783
LOSS FROM OPERATIONS (6,591,508) (5,019,146) (7,037,720) (4,193,681) (31,266,783)
OTHER INCOME (EXPENSE):          
Grant income 0 44,479 44,479 200,000 244,479
Loss on derivative warrants (42,178) (66,820) (12,158) 0 (12,158)
Interest expense, net (6,240) (428,015) (430,023) (566,156) (447,125)
Other income (expense) 0 0 0 (426) 1,161
Total other expense, net (48,418) (450,356) (397,702) (366,582) (213,643)
NET LOSS (6,639,926) (5,469,502) (7,435,422) (4,560,263) (31,480,426)
DEEMED DIVIDEND ON WARRANTS (543,359) 0 0 0 0
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (7,183,285) $ (5,469,502) $ (7,435,422) $ (4,560,263) $ (31,480,426)
BASIC AND DILUTED NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER COMMON SHARE (in dollars per share) $ (0.18) $ (0.25) $ (0.31) $ (0.36) $ (2.84)
SHARES USED IN COMPUTING BASIC AND DILUTED NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER COMMON SHARE (in shares) 39,611,899 21,847,984 23,959,008 12,820,102 11,090,838