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Note 2 - Fresh Start Accounting (Details) - Fresh Start Adjustments - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Nov. 20, 2014
Dec. 31, 2013
Predecessor [Member]        
Current assets:        
Cash and cash equivalents     $ 374,367 $ 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     44,002 $ (4,782,787)
Total liabilities and stockholders’ deficit     371,565  
Predecessor [Member] | Adjustment to Predecessor Company [Member]        
Stockholders' deficit        
Preferred stock     33  
Common stock     732,910  
Additional paid-in capital     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 [7]     (33)  
Common stock [8]     (732,910)  
Additional paid-in capital [8]     732,910  
Reorganization Adjustments [Member] | Adjustment to Sucessor Company [Member]        
Stockholders' deficit        
Common stock [9]     201,448  
Additional paid-in capital [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 [10]     (32,701,426)  
Fresh Start Adjustment [Member] | Adjustment to Sucessor Company [Member]        
Stockholders' deficit        
Additional paid-in capital [10]     (1,897,242)  
Successor [Member]        
Current assets:        
Cash and cash equivalents $ 21,138 $ 318,556 374,367  
Prepaid expense and other current assets 18,154 16,882 24,063  
Total current assets 39,292 335,438 398,430  
Patents, net     86,355  
Total assets 117,195 421,535 484,785  
Current liabilities:        
Accounts payable and accrued expenses 58,550 67,159 56,227  
Accrued expenses – related party 144,426      
Notes payable – related parties 384,555 234,555 384,555  
Total current liabilities 589,237 302,277 440,782  
Total liabilities $ 589,237 $ 452,277 440,782  
Stockholders' deficit        
Preferred stock    
Common stock $ 201,448 $ 201,448    
Additional paid-in capital (76,872) (157,446)    
Accumulated deficit (596,618) (74,744)    
Total stockholders' deficit (472,042) (30,742) 44,002  
Total liabilities and stockholders’ deficit $ 117,195 $ 421,535 484,785  
Successor [Member] | Adjustment to Sucessor Company [Member]        
Stockholders' deficit        
Common stock     201,448  
Additional paid-in capital     $ (157,445)  
[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 Effective Date to object to the amount of their particular claim. The objection period was from November 21, 2014, through December 18, 2014. Administrative Convenience Claims were paid beginning December 19, 2014 and payments to this class were completed no later than January 16, 2015. Creditors in the following general ledger accounts received six percent (6%) payout in full and final settlement of all outstanding debts. The balance of the debts for both classes 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 six percent (6%) of the allowed claim in full and final settlement of all outstanding debts. The balance of the debt was discharged after the settlement payment was 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. The Notes 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 to 3,262,000 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.