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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended 63 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Revenue $ 0 $ 0 $ 0
Operating expense      
General & administrative 986,097 [1] 1,224,813 [1] 7,059,463 [1]
Total operating expense 2,582,679 2,365,615 12,448,679
Net operating loss (2,582,679) (2,365,615) (12,448,679)
Other income      
Interest income 779 2,907 77,091
Other income 0 0 244,479
Other expense (637) (636) (4,174)
Total Other Income 142 2,271 317,396
Net Loss Before Income Taxes (2,582,537) (2,363,344) (12,131,283)
Income tax expense 0 0 0
Net Loss (2,582,537) (2,363,344) (12,131,283)
Loss per share      
Net loss per share, basic and diluted $ (0.04) $ (0.04) $ (0.26)
Basic and diluted weighted average number of common shares outstanding 59,317,779 53,844,195 46,045,124
All Other
     
Operating expense      
Research and development 1,132,712 [2] 596,802 [2] 4,325,596 [2]
MD Anderson for License
     
Operating expense      
Research and development $ 463,870 [3] $ 544,000 [3] $ 1,063,620 [3]
[1] General & administrative expense includes stock option expense of $9,740 and $316,820 for the years ending 12/31/2012 and 12/31/2011, respectively; and for the period from inception through 12/31/2012, $2,590,753 for stock option and warrant expense and $318,500 in stock for services.
[2] Research and development expense includes stock option expense of $53,645 and $66,098 for the years ending 12/31/2012 and 12/31/2011, respectively; and $422,999 for the period from inception through 12/31/2012. Research and development expense also includes amortization expense of $185,271 and $211,709 for the years ending 12/31/2012 and 12/31/2011, respectively; and $976,734 for the period from inception through 12/31/2012.
[3] Includes $345,000 technology impairment charge for the year ending 12/31/2012 and $345,000 technology impairment for the year ending 12/31/2011; and technology impairment of $690,000 for the period from inception through 12/31/2012.