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Condensed Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Cash and cash equivalents$ 1,500,926$ 1,581,989
TOTAL ASSETS1,500,9261,581,989
CURRENT LIABILITIES  
Accounts payable and accrued expenses6,0851,389
TOTAL CURRENT LIABILITIES6,0851,389
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; 18,774 shares issued and outstanding in 2011 and 2010; liquidation preference of $1,877,400 in 2011 and 201018,77418,774
Common stock, $.10 par value, 200,000,000 authorized: 15,536,275 shares issued and outstanding in 2011 and 20101,553,6281,553,628
Additional paid-in capital4,077,0684,077,068
Accumulated deficit(3,626,121)(3,626,121)
Deficit accumulated during the development stage(528,508)(442,749)
TOTAL SHAREHOLDERS' EQUITY1,494,8411,580,600
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$ 1,500,926$ 1,581,989