BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 864,323	$ 973,470
TOTAL ASSETS	864,323	973,470
CURRENT LIABILITIES:
Accounts payable and accrued expenses	10,487	8,917
TOTAL CURRENT LIABILITIES	10,487	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; 33,238 and 30,215 shares issued and outstanding as of December 31, 2016 and 2015, liquidation preference of $3,323,800 and $3,021,500 as of December 31, 2016 and 2015	2,064,452	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 December 31, 2016 and 2015	1,603,387	1,603,387
Treasury Stock, $.10 par value 497,587 shares as of December 31, 2016 and 2015	(49,759)	(49,759)
Additional paid-in capital	2,595,035	2,598,058
Accumulated deficit	(5,359,279)	(5,248,562)
TOTAL STOCKHOLDER'S EQUITY	853,836	964,553
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 864,323	$ 973,470