CONDENSED BALANCE SHEETS (Unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
CURRENT ASSETS:
Cash	$ 1,267,574	$ 1,338,356
TOTAL ASSETS	1,267,574	1,338,356
CURRENT LIABILITIES:
Accounts payable and accrued expenses	15,587	5,118
TOTAL CURRENT LIABILITIES	15,587	5,118
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY :
PREFERRED STOCK, $1.00 par value; 4,000,000 authorized: Series A 10% Convertible Preferred stock; 50,000 shares authorized; 22,704 shares issued and outstanding as of September 30, 2013 and December 31, 2012 : liquidation preference of $2,270,400 as of September 30, 2013 and December 31, 2012	2,053,918	2,053,918
Common stock, $.10 par value 200,000,000 shares authorized; 16,033,862 shares issued and outstanding as of September 30, 2013 and December 31, 2012	1,603,387	1,603,387
Treasury Stock, $.10 par value 497,587 shares as of September 30, 2013 and December 31, 2012	(49,759)	(49,759)
Additional paid-in capital	2,563,751	2,558,254
Accumulated deficit	(3,626,121)	(3,626,121)
Deficit accumulated during the development stage	(1,293,189)	(1,206,441)
TOTAL STOCKHOLDERS' EQUITY	1,251,987	1,333,238
TOTAL LIABILITIES, PREFERRED STOCK AND STOCKHOLDERS' EQUITY	$ 1,267,574	$ 1,338,356