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CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current assets    
Cash $ 288,707 $ 534,046
Prepaid drug product for testing 96,000 195,000
Other current assets 53,924 42,575
Total current assets 438,631 771,621
Other assets    
Technology licenses - related party 2,500,374 2,500,374
Less Accumulated Amortization (968,387) (928,231)
Intangible Assets, Net (Excluding Goodwill), Total 1,531,987 1,572,143
TOTAL ASSETS 1,970,618 2,343,764
Current liabilities    
Accounts payable 71,875 57,000
Accounts payable - related party 0 8,582
Accrued expense 153,541 137,662
Accrued expense - related party 15,000 26,000
Accrued license payments - related party 50,000 100,000
Total current liabilities 290,416 329,244
Long term debt 0 0
TOTAL LIABILITIES 290,416 329,244
Shareholders' Equity    
Preferred Stock, $.001 par value 10,000,000 shares authorized, no shares issued and outstanding 0 0
Common Stock, $.001 par value, 200,000,000 shares authorized 62,219,050 shares issued and outstanding as of 3/31/13 and 12/31/12 62,218 62,218
Additional paid in capital 13,296,560 13,321,075
Additional paid in capital for shares to be issued 1,108,711 [1] 762,510 [2]
Accumulated deficit during development stage (12,787,287) (12,131,283)
Total shareholders' equity 1,680,202 2,014,520
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 1,970,618 $ 2,343,764
[1] Represents 3,695,702 shares of common stock
[2] Represents 2,541,700 shares of common stock