XML 22 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 59 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Revenue         
Operating expense      
General & administrative 231,314 [1] 350,238 [1] 6,304,678 [1]
Total operating expense 522,627 592,737 10,388,627
Net operating loss (522,627) (592,737) (10,388,627)
Other income (expense)      
Interest income 529 191 76,839
Other income     244,479
Other expense (129) (180) (3,665)
Total Other Income (Expense) 400 11 317,653
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest, Total (522,227) (592,726) (10,070,974)
Net loss per share, basic and diluted $ (0.01) $ (0.01) $ (0.23)
Basic and diluted weighted average number of common shares outstanding 58,381,419 49,400,605 43,972,871
All Other
     
Operating expense      
Research and development 279,613 [2] 192,499 [2] 3,472,499 [2]
MD Anderson for License
     
Operating expense      
Research and development $ 11,700 [3] $ 50,000 [3] $ 611,450 [3]
[1] General & administrative expense includes stock option expense of $1,950 and $104,726 for the quarters ending 3/31/2012 and 3/31/2011, respectively; and for the period from inception through 3/31/2012, $2,582,964 for stock option and warrant expense and $300,000 in stock for services.
[2] Research and development expense includes stock option expense of $17,406 and $15,205 for the quarters ending 3/31/2012 and 3/31/2011, respectively; and $386,761 for the period from inception through 3/31/2012. Research and development expense also includes amortization expense of $48,109 and $51,756 for the quarters ending 3/31/2012 and 3/31/2011, respectively; and $839,572 for the period from inception through 3/31/2012.
[3] Includes $345,000 technology impairment charge for the period from inception through 3/31/2012.