CONDENSED BALANCE SHEETS - USD ($)	Mar. 31, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash	$ 955,119	$ 973,470
TOTAL ASSETS	955,119	973,470
CURRENT LIABILITIES:
Accounts payable and accrued expenses	30,796	8,917
TOTAL CURRENT LIABILITIES	30,796	$ 8,917
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; 27,466 shares issued and outstanding as of March 31, 2016 and December 31, 2015: liquidation preference of $2,746,000 as of March 31, 2016 and December 31, 2015	2,061,429	$ 2,061,429
Common stock, $.10 par value 200,000,000 shares authorized; 16,033,862 shares issued and 15,536,275 shares outstanding as of March 31, 2016 and December 31, 2015	1,603,387	1,603,387
Treasury Stock, $.10 par value 497,587 shares as of March 31, 2016 and December 31, 2015	(49,759)	(49,759)
Additional paid-in capital	2,598,058	2,598,058
Accumulated deficit	(5,288,792)	(5,248,562)
TOTAL STOCKHOLDER'S EQUITY	924,323	964,553
TOTAL LIABILITIES, PREFERRED STOCK AND STOCKHOLDER'S EQUITY	$ 955,119	$ 973,470