XML 14 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets    
Cash $ 576,823 $ 952,252
Prepaid drug product for testing 21,000 153,000
Other current assets 56,330 48,439
Total current assets 654,153 1,153,691
Other assets    
Technology licenses - related party 2,893,877 2,868,877
Less Accumulated Amortization (839,572) (791,463)
Intangible Assets, Net (Excluding Goodwill), Total 2,054,305 2,077,414
TOTAL ASSETS 2,708,458 3,231,105
Current liabilities    
Accounts payable 58,447 121,540
Accounts payable - related party   67,971
Accrued expense 70,910 46,082
Accrued expense - related party 52,700 41,000
Accrued license payments - related party 64,538 39,538
Total current liabilities 246,595 316,131
Long term debt      
TOTAL LIABILITIES 246,595 316,131
Shareholders' Equity    
Preferred Stock, $.001 par value 10,000,000 shares authorized, no shares issued and outstanding      
Common Stock, $.001 par value, 200,000,000 shares authorized 58,493,920 and 58,325,169 shares issued and outstanding as of 3/31/12 and 12/31/11, respectively 58,494 58,325
Additional paid in capital 12,474,343 12,405,395
Accumulated deficit during development stage (10,070,974) (9,548,746)
Total shareholders' equity 2,461,863 2,914,974
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 2,708,458 $ 3,231,105