CONDENSED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
CURRENT ASSETS:
Cash	$ 1,082,620	$ 1,221,675
TOTAL ASSETS	1,082,620	1,221,675
CURRENT LIABILITIES:
Accounts payable and accrued expenses	5,077	14,965
TOTAL CURRENT LIABILITIES	5,077	14,965
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; 24,971 shares issued and outstanding as of September 30, 2014 and December 31, 2013 : liquidation preference of $2,497,100 as of September 30, 2014 and December 31, 2013	2,056,185	2,056,185
Common stock, $.10 par value 200,000,000 shares authorized; 16,033,862 shares issued and 15,536,275 shares outstanding as of September 30, 2014 and December 31, 2013	1,603,387	1,603,387
Treasury Stock, $.10 par value 497,587 shares as of September 30, 2014 and December 31, 2013	(49,759)	(49,759)
Additional paid-in capital	2,564,655	2,562,577
Accumulated deficit	(3,626,121)	(3,626,121)
Deficit accumulated during the development stage	(1,470,804)	(1,339,559)
TOTAL STOCKHOLDERS' EQUITY	1,077,543	1,206,710
TOTAL LIABILITIES, PREFERRED STOCK AND STOCKHOLDERS' EQUITY	$ 1,082,620	$ 1,221,675