Quarterly report pursuant to Section 13 or 15(d)

Statement of Financial Position

 v2.3.0.11
Statement of Financial Position (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current Assets    
Cash and cash equivalents $ 1,294,332 $ 2,373,421
Marketable securities 8,613,011 10,461,357
Restricted cash 551,190 550,283
Accounts receivable - project revenue and reimbursable project costs 1,290,392 990,563
Prepaid expenses & other current assets 812,635 365,261
Total Current Assets 12,561,560 14,740,885
Property, Plant and Equipment -net 59,828 72,179
Other Assets    
Patent costs - net 422,141 377,262
Security deposits 120,486 120,486
Total Other Assets 542,627 497,748
Total Assets 13,164,015 15,310,812
Current Liabilities    
Accounts payable and accrued liabilities 1,477,010 2,088,362
Deferred revenue 578,400 98,110
Total Liabilities 2,055,410 2,186,472
Commitments and contingencies    
Stockholders' Equity    
Preferred stock, $0.001 par value, 50,000,000 authorized shares, no shares issued and outstanding    
Common stock, $0.001par value, 500,000,000 authorized, 12,432,588 shares issued, 12,362,929 shares outstanding and 12,430,058 shares issued, 12,345,840 shares outstanding at June 30, 2011 and December 31, 2010, respectively 12,363 12,346
Additional paid in capital - stock and stock equivalents 70,098,180 69,370,261
Deficit (59,087,438) (56,286,767)
Common stock reserved for issuance, 19,226 shares and 6,451 shares at June 30, 2011 and December 31, 2010, respectively 85,500 28,500
Total Stockholders' Equity 11,108,605 13,124,340
Total Liabilities and Stockholders' Equity $ 13,164,015 $ 15,310,812