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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

NOTE 6 – SUBSEQUENT EVENTS

 

The Company has historically relied upon funding through capital contributions from its majority stockholder, R&R Biotech Partners, LLC, an affiliate of Rodman & Renshaw, LLC, a former registered broker-dealer.  On January 11, 2013, Rodman & Renshaw, LLC filed a chapter 7 bankruptcy petition.  As a result, the Company does not expect any further funding from R&R Biotech Partners, LLC, nor does it have any alternative known financing sources.  Failure to receive funding will cause the Company to cease operations.

 

The Company has evaluated subsequent events and has determined that there were no other subsequent events to recognize or disclose in these financial statements.