Quarterly report pursuant to Section 13 or 15(d)

Statement of Financial Position

v2.3.0.15
Statement of Financial Position (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current Assets    
Cash and cash equivalents $ 9,284,584 $ 2,373,421
Marketable securities 0 10,461,357
Restricted cash 551,607 550,283
Accounts receivable - project revenue and reimbursable project costs 837,496 990,563
Prepaid expenses and other current assets 396,425 365,261
Total Current Assets 11,070,112 14,740,885
Property Plant and Equipment -net 53,892 72,179
Other Assets    
Patent costs - net 482,936 377,262
Security deposits 120,486 120,486
Total Other Assets 603,422 497,748
Total Assets 11,727,426 15,310,812
Current Liabilities    
Accounts payable and accrued liabilities 1,354,873 2,088,362
Deferred revenue 0 98,110
Total Liabilities 1,354,873 2,186,472
Commitments and contingencies 0 0
Stockholders' Equity    
Preferred stock, $0.001 par value, 50,000,000 authorized shares, no shares issued and outstanding 0 0
Common stock, $0.001par value, 500,000,000 authorized, 12,449,958 shares issued, 12,399,883 shares outstanding and 12,430,058 shares issued, 12,345,840 shares outstanding at September 30, 2011 and December 31, 2010, respectively 12,400 12,346
Additional paid in capital - stock and stock equivalents 70,581,626 69,370,261
Deficit (60,256,223) (56,286,767)
Common stock reserved for issuance, 13,578 shares and 6,451 shares at September 30, 2011 and December 31, 2010, respectively 34,750 28,500
Total Stockholders' Equity 10,372,553 13,124,340
Total Liabilities and Stockholders' Equity $ 11,727,426 $ 15,310,812