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Note 5 - Fresh Start Accounting (Details) - Fresh Start Adjustments - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Nov. 20, 2014
Jun. 30, 2014
Dec. 31, 2013
Current assets:          
Cash and cash equivalents $ 100,064 $ 318,556 $ 374,367    
Prepaid expense and other current assets 51,213 16,882 24,063    
Total current assets 151,277 335,438 398,430    
Patents, net     86,355    
Total assets 238,685 421,535 484,785    
Current liabilities:          
Accounts payable and accrued expenses 98,677 67,159 56,227    
Notes payable – related parties 272,055 234,555 384,555    
Total current liabilities 371,865 302,277 440,782    
Total liabilities 484,365 452,277 440,782    
Stockholders' deficit          
Common stock (Predecessor) 201,448 201,448      
Additional paid-in capital (Predecessor) (157,446) (157,446)      
Common stock (Successor) 201,448 201,448      
Additional paid-in capital (Successor) (157,446) (157,446)      
Accumulated deficit (289,682) (74,744)      
Total stockholders' deficit (245,680) (30,742) 44,003    
Total liabilities and stockholders’ deficit 238,685 421,535 484,785    
Adjustment to Sucessor Company [Member]          
Stockholders' deficit          
Common stock (Predecessor)     201,448    
Additional paid-in capital (Predecessor)     (157,445)    
Common stock (Successor)     201,448    
Additional paid-in capital (Successor)     (157,445)    
Predecessor [Member]          
Current assets:          
Cash and cash equivalents     261,147 $ 1,490 $ 6,539
Prepaid expense and other current assets     24,063    
Total current assets     285,210    
Patents, net     86,355    
Total assets     371,565    
Current liabilities:          
Accounts payable and accrued expenses     347,236    
Accrued interest – related parties     1,051,093    
Accrued expenses – related party     78,360    
Notes payable – related parties     4,214,935    
Total current liabilities     5,691,624    
Total liabilities     5,691,624    
Stockholders' deficit          
Accumulated deficit     (38,021,518)    
Total stockholders' deficit     (5,320,059)    
Total liabilities and stockholders’ deficit     371,565    
Predecessor [Member] | Adjustment to Predecessor Company [Member]          
Stockholders' deficit          
Preferred stock (Predecessor)     33    
Common stock (Predecessor)     732,910    
Additional paid-in capital (Predecessor)     31,968,516    
Common stock (Successor)     732,910    
Additional paid-in capital (Successor)     31,968,516    
Reorganization Adjustments [Member]          
Current assets:          
Cash and cash equivalents [1]     113,220    
Total current assets     113,220    
Total assets     113,220    
Current liabilities:          
Accounts payable and accrued expenses [2]     (291,009)    
Accrued interest – related parties [3]     (1,051,093)    
Accrued expenses – related party [4]     (78,360)    
Notes payable – related parties [5]     (3,830,380)    
Total current liabilities     (5,250,842)    
Total liabilities     (5,250,842)    
Stockholders' deficit          
Accumulated deficit [6]     3,422,850    
Total stockholders' deficit     5,364,062    
Total liabilities and stockholders’ deficit     113,220    
Reorganization Adjustments [Member] | Adjustment to Predecessor Company [Member]          
Stockholders' deficit          
Preferred stock (Predecessor) [7]     (33)    
Common stock (Predecessor) [8]     (732,910)    
Additional paid-in capital (Predecessor) [8]     732,910    
Common stock (Successor) [8]     (732,910)    
Additional paid-in capital (Successor) [8]     732,910    
Reorganization Adjustments [Member] | Adjustment to Sucessor Company [Member]          
Stockholders' deficit          
Common stock (Predecessor) [9]     201,448    
Additional paid-in capital (Predecessor) [9]     1,739,797    
Common stock (Successor) [9]     201,448    
Additional paid-in capital (Successor) [9]     1,739,797    
Fresh Start Adjustment [Member]          
Stockholders' deficit          
Accumulated deficit [10]     34,598,668    
Fresh Start Adjustment [Member] | Adjustment to Predecessor Company [Member]          
Stockholders' deficit          
Additional paid-in capital (Predecessor) [10]     (32,701,426)    
Additional paid-in capital (Successor) [10]     (32,701,426)    
Fresh Start Adjustment [Member] | Adjustment to Sucessor Company [Member]          
Stockholders' deficit          
Additional paid-in capital (Predecessor) [10]     (1,897,242)    
Additional paid-in capital (Successor) [10]     $ (1,897,242)    
Successor [Member]          
Current assets:          
Cash and cash equivalents $ 100,064 $ 318,556      
[1] The cash payments recorded on the Effective Date from implementation of the Plan of Reorganization include the following:
[2] Pursuant to the Plan of Reorganization, General Unsecured Creditors were given a settlement of six percent (6%) of the amount of the allowed claim.Administrative Convenience Creditors were given the opportunity to receive the lesser of $500 or 100% of their claim and receive payment within twenty-eight(28) days after the twenty-eight day objection period expired. The Effective Date was November 20, 2014. Creditors had twenty-eight days from the EffectiveDate to object to the amount of their particular claim. The objection period was from November 21, 2014, through December 18, 2014. AdministrativeConvenience Claims were paid beginning December 19, 2014 and payments to this class were completed no later than January 16, 2015. Creditors in thefollowing general ledger accounts received six percent (6%) payout in full and final settlement of all outstanding debts. The balance of the debts for bothclasses was discharged after the settlement payments were tendered.
[3] Pursuant to the Plan of Reorganization, Accrued Interest for Related Parties was classified as General Unsecured Creditors. These Creditors received sixpercent (6%) of the allowed claim in full and final settlement of all outstanding debts. The balance of the debt was discharged after the settlement paymentwas tendered.
[4] Write off licensing fees due Hayashibara Biochemical Laboratories, Inc. (HBL) which originated through sales of Bimron, and interferon product.
[5] The total amount of cash received by ABI from the Yang Group was $2,324,185. The amount of debt exchanged for equity with Yang was $1,939,630 leaving$384,555 of cash not converted to debt and still owed to The Yang Group. This cash was for the purpose of financing future, post-bankruptcy operations. TheNotes Payable - Related Parties consisted of the following:
[6] Adjust Accumulated Deficit for debt forgiveness/debt discharge pursuant to the Plan of Reorganization.
[7] Convert Preferred Stock at Par to Common Stock pursuant to Implementation of Plan of Reorganization - 32.62 shares of Preferred stock at $0.01 par to3,262,000 Common shares at par $0.01.
[8] Adjust Common Stock at par value of $0.01 for 20,144,810 Common Shares following 1-for-19 reverse stock split pursuant to Plan of Reorganization.
[9] Adjust Common Stock at par of $0.01 and Additional Paid in Capital for conversion of Yang debt to (New) ABI Common Equity.
[10] Adjust Paid in Capital - Predecessor, Paid in Capital - Successor, and Accumulated Deficit for Fresh Start Reporting.