Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) (USD $)
 9 Months Ended 160 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Cash Flows From Operating Activities:      
Net loss $ (4,893,951) $ (5,483,954) $ (60,637,414)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Stock-based compensation expense 284,371 312,500 6,336,407
Depreciation expense    429 3,262,462
Loss on disposition of equipment 4,122    554,308
Amortization of debt discount    678,116 900,000
Amortization of deferred financing costs    219,725 292,692
Gain on extinguishment of liability       (260,000)
Change in fair value derivative liabilities (216,112) 287,604 (915,498)
(Increase) decrease in:      
Prepaid expenses and other current assets 114,143 14,386 87,000
Increase (decrease) in:      
Accounts payable and accrued liabilities (585,043) 173,614 653,730
Accounts payable and accrued liabilities - related party 344,501 2,100 375,686
Net Cash Used In Operating Activities (4,947,969) (3,795,480) (49,350,627)
Cash Flows From Investing Activities:      
Payment made for patent rights       (3,000,000)
Purchase of property and equipment (8,030) (1,812) (823,689)
Net Cash Used In Investing Activities (8,030) (1,812) (3,823,689)
Cash Flows From Financing Activities:      
Borrowings on convertible debt, net of offering costs       645,888
Payments on note payable (140,000)    (140,000)
Sales of Common stock, net of offering costs    660,163 53,191,098
Proceeds from the exercise of warrants for cash 3,467,393    3,467,393
Net Cash Provided By Financing Activities 3,327,393 660,163 57,164,379
Net change in cash (1,628,606) (3,137,129) 3,990,063
Cash at beginning of period 5,618,669 5,703,798   
Cash at end of period 3,990,063 2,566,669 3,990,063
Supplemental disclosures of cash flow information:      
Cash paid for interest 561    1,243
Cash paid for taxes         
Supplemental disclosure of non-cash investing and financing activities:      
Beneficial conversion feature discount       372,850
Fair value of warrants issued with debt       377,150
Fair value of warrants issued with stock    318,087 5,985,238
Fair value of warrants issued to the placement agent    159,044 2,170,282
Conversion of notes payable and accrued interest to stock       981,729
Transfer from derivative liability classification to equity classification $ 600,880    $ 4,832,204