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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current assets    
Cash $ 1,927,226 $ 534,046
Prepaid drug product for testing 279,180 195,000
Other current assets 46,411 42,575
Total current assets 2,252,817 771,621
Other assets    
Technology licenses - related party 2,500,374 2,500,374
Less Accumulated Amortization (1,008,544) (928,231)
Intangible Assets, Net (Excluding Goodwill), Total 1,491,830 1,572,143
TOTAL ASSETS 3,744,647 2,343,764
Current liabilities    
Accounts payable 165,897 57,000
Accounts payable - related party 10,017 8,582
Accrued expense 4,892 137,662
Accrued expense - related party 37,050 26,000
Accrued license payments - related party 50,000 100,000
Total current liabilities 267,856 329,244
Long term debt 0 0
TOTAL LIABILITIES 267,856 329,244
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 75,380,214 and 62,219,050 shares issued and outstanding as of 6/30/13 and 12/31/12, respectively 75,380 62,218
Additional paid in capital 16,615,942 13,321,075
Additional paid in capital for shares to be issued 0 762,510 [1]
Accumulated deficit during development stage (13,214,531) (12,131,283)
Total shareholders' equity 3,476,791 2,014,520
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 3,744,647 $ 2,343,764
[1] Represents 2,541,700 shares of common stock