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CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 787,672 $ 805,743
TOTAL ASSETS 787,672 805,743
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 3,425 9,550
TOTAL CURRENT LIABILITIES 3,425 9,550
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
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, 2018 and December 31, 2017 1,603,387 1,603,387
Treasury Stock, $.10 par value 497,587 shares as of March 31, 2018 and December 31, 2017 (49,759) (49,759)
Additional paid-in capital 2,623,189 2,623,189
Accumulated deficit (5,460,346) (5,448,400)
TOTAL STOCKHOLDERS' EQUITY 784,247 796,193
TOTAL LIABILITIES, PREFERRED STOCK AND STOCKHOLDERS' EQUITY 787,672 805,743
Series A Convertible Preferred stock [Member]    
STOCKHOLDERS' EQUITY:    
PREFERRED STOCK, value $ 2,067,776 $ 2,067,776