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CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 708,580 $ 755,871
TOTAL ASSETS 708,580 755,871
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 554 3,269
TOTAL CURRENT LIABILITIES 554 3,269
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; 0 shares issued and 0 shares outstanding as of September 30, 2019 and December 31, 2018; liquidation preference of $0 and $0 as of September 30, 2019 and December 31, 2018
Common stock, $0.10 par value 200,000,000 shares authorized; 61,479,759 shares issued (including 2,400,000 shares held in escrow) and 58,582,172 outstanding as of September 30, 2019; and 59,079,759 shares issued and 58,582,172 outstanding as of December 31, 2018 6,147,978 5,907,978
Treasury Stock, $0.10 par value 497,587 shares as of September 30, 2019 and December 31, 2018 (49,759) (49,759)
Additional paid-in capital 713,568 386,374
Accumulated deficit (6,103,761) (5,491,991)
TOTAL STOCKHOLDERS' EQUITY 708,026 752,602
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 708,580 $ 755,871