XML 21 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended 71 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
CASH FLOW FROM OPERATING ACTIVITIES      
Net loss $ (656,002) $ (522,227) $ (12,787,287)
Adjustments to reconcile net loss to net cash used in operating activities      
Amortization 40,156 48,109 1,016,891
Technology impairment 0 0 690,000
Common stock issued for services 0 0 318,500
Stock options and warrants 16,019 19,356 3,029,773
(Increase) decrease in assets      
Prepaid drug product for testing 99,000 132,000 (96,000)
Other current assets (11,349) (7,891) (53,924)
Increase (decrease) in liabilities      
Accounts payable and accrued expenses (38,828) (69,536) 290,416
Net cash used in operating activities (551,004) (400,189) (7,591,631)
CASH FLOW FROM INVESTING ACTIVITIES      
Purchase of exclusive license - related party 0 (25,000) (884,710)
Net cash used in investing activities 0 (25,000) (884,710)
CASH FLOW FROM FINANCING ACTIVITIES      
Proceeds from convertible notes 0 0 435,000
Cash repayment of convertible notes 0 0 (15,000)
Net proceeds from sale of common stock 305,665 49,760 8,345,048
Net cash from financing activities 305,665 49,760 8,765,048
NET INCREASE (DECREASE) IN CASH (245,339) (375,429) 288,707
Cash, beginning of period 534,046 952,252 0
Cash, end of period 288,707 576,823 288,707
Cash paid for      
Interest 0 0 445
Income taxes 0 0 0
Non-cash financing activities      
Common stock issued upon conversion of convertible notes 0 0 420,000
Placement Agent
     
Non-cash financing activities      
Common stock issued 0 0 591,566
MD Anderson for License
     
Non-cash financing activities      
Common stock issued 0 0 2,354,167
LPC
     
Non-cash financing activities      
Common stock issued $ 0 $ 625 $ 210,755