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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 71 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Revenue $ 0 $ 0 $ 0
Operating expense      
General & administrative 239,811 [1] 231,314 [1] 7,299,273 [1]
Total operating expense 655,910 522,627 13,104,589
Net operating loss (655,910) (522,627) (13,104,589)
Other income (expense)      
Interest income 124 529 77,213
Other income 0 0 244,479
Other expense (216) (129) (4,390)
Total Other Income (Expense) (92) 400 317,302
Net Loss (656,002) (522,227) (12,787,287)
Loss per share      
Net loss per share, basic and diluted $ (0.01) $ (0.01) $ (0.27)
Basic and diluted weighted average number of common shares outstanding 62,219,050 58,381,419 46,728,530
All Other
     
Operating expense      
Research and development 401,099 [2] 279,613 [2] 4,726,696 [2]
MD Anderson for License
     
Operating expense      
Research and development $ 15,000 [3] $ 11,700 [3] $ 1,078,620 [3]
[1] General & administrative expense includes stock option expense of $4,605 and $1,950 for the quarters ending 3/31/2013 and 3/31/2012, respectively; and for the period from inception through 3/31/2013, $2,595,361 for stock option and warrant expense and $318,500 in stock for services.
[2] Research and development expense includes stock option expense of $11,414 and $17,406 for the quarters ending 3/31/2013 and 3/31/2012, respectively; and $434,412 for the period from inception through 3/31/2013. Research and development expense also includes amortization expense of $40,156 and $48,109 for the quarters ending 3/31/2013 and 3/31/2012, respectively; and $1,016,891 for the period from inception through 3/31/2013.
[3] Includes $690,000 technology impairment charge for the period from inception through 3/31/2013.