CONDENSED BALANCE SHEETS (USD $)	Jun. 30, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 1,526,091	$ 1,581,989
TOTAL ASSETS	1,526,091	1,581,989
CURRENT LIABILITIES
Accounts payable and accrued expenses	15,512	1,388
TOTAL CURRENT LIABILITIES	15,512	1,388
COMMITMENTS AND CONTINGENCIES
Shareholders' Equity
Preferred Stock $1.00 par value; 4,000,000 authorized: Series A 10% Convertible Preferred Stock; 50,000 shares authorized; 18,775 issued and outstanding in 2011 and 2010; liquidation preference of $1,877,500 in 2011 and 2010	18,775	18,775
Common stock, $.10 par value, 200,000,000 shares authorized; 15,536,275 shares issued and outstanding in 2011 and 2010	1,553,628	1,553,628
Additional paid-in capital	4,077,068	4,077,068
Accumulated deficit	(3,626,121)	(3,626,121)
Deficit accumulated during the development stage	(512,771)	(442,749)
TOTAL SHAREHOLDERS' EQUITY	1,510,579	1,580,601
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,526,091	$ 1,581,989