BALANCE SHEETS - USD ($)	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash	$ 973,470	$ 1,061,726
TOTAL ASSETS	973,470	1,061,726
CURRENT LIABILITIES:
Accounts payable and accrued expenses	8,917	11,005
TOTAL CURRENT LIABILITIES	$ 8,917	$ 11,005
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; 30,215 and 27,466 shares issued and outstanding as of December 31, 2015 and 2014, liquidation preference of $3,021,500 and $2,746,600 as of December 31, 2015 and 2014	$ 2,061,429	$ 2,058,680
Common stock, $.10 par value 200,000,000 shares authorized; 16,033,862 shares issued and 15,536,275 shares outstanding as of December 31, 2015 and 2014	1,603,387	1,603,387
Treasury Stock, $.10 par value 497,587 shares as of December 31, 2015 and 2014	(49,759)	(49,759)
Additional paid-in capital	2,598,058	2,586,123
Accumulated deficit	(5,248,562)	(5,147,710)
TOTAL STOCKHOLDERS' EQUITY	964,553	1,050,721
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 973,470	$ 1,061,726