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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended 74 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
CASH FLOW FROM OPERATING ACTIVITIES      
Net loss $ (1,083,246) $ (1,310,065) $ (13,214,531)
Adjustments to reconcile net loss to net cash used in operating activities      
Amortization 80,312 96,612 1,057,047
Technology impairment 0 345,000 690,000
Common stock issued for services 0 18,500 318,500
Stock options and warrants 29,557 34,067 3,043,311
(Increase) decrease in assets      
Prepaid drug product for testing (84,180) (142,477) (279,180)
Other current assets (3,836) 1,950 (46,411)
Increase (decrease) in liabilities      
Accounts payable and accrued expenses (61,388) (73,108) 267,856
Net cash used in operating activities (1,122,781) (1,029,521) (8,163,408)
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 2,515,961 264,709 10,555,344
Net cash from financing activities 2,515,961 264,709 10,975,344
NET INCREASE (DECREASE) IN CASH 1,393,180 (789,812) 1,927,226
Cash, beginning of period 534,046 952,252 0
Cash, end of period 1,927,226 162,440 1,927,226
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 448,950 0 1,040,516
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 $ 1,750 $ 210,755