XML 29 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Product sales $ 50 $ 480 $ 530 $ 8,035
Sublicense fees   50,000   50,000
Total revenues 50 50,480 530 58,035
Cost of revenues:        
Product sales 20 192 212 4,211
Total cost of revenues 20 192 212 4,211
Gross Margin 30 50,288 318 53,824
Operating expenses:        
Research and development expenses 70,809 88,093 243,748 268,322
Selling, general and administrative expenses 60,826 426,465 191,614 738,185
Total operating expenses 131,635 514,558 435,362 1,006,507
Operating loss (131,605) (464,270) (435,044) (952,683)
Other income (expense)        
Gain on debt conversion     15,220  
Change in fair value of derivatives 15,096 (9,954) 37,750 (9,122)
Interest expense (30,266) (60,583) (129,442) (122,008)
Other income       450
Net loss (146,775) (534,807) (511,516) (1,083,363)
Preferred stock dividend (8,097) (4,250) (22,753) (12,706)
Net loss applicable to common shareholders $ (154,872) $ (539,057) $ (534,269) $ (1,096,069)
Basic and diluted net loss per share (in Dollars per share) $ 0.00 $ (0.01) $ (0.01) $ (0.02)
Weighted average shares outstanding – basic and diluted (in Shares) 73,554,897 67,086,692 73,304,993 63,220,240