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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets    
Cash $ 4,100,841 $ 534,046
Prepaid drug product for testing 148,301 195,000
Other current assets 49,713 42,575
Total current assets 4,298,855 771,621
Other assets    
Technology licenses - related party 2,500,374 2,500,374
Less Accumulated Amortization (1,048,700) (928,231)
Intangible Assets, Net (Excluding Goodwill), Total 1,451,674 1,572,143
TOTAL ASSETS 5,750,529 2,343,764
Current liabilities    
Accounts payable 43,578 57,000
Accounts payable - related party 0 8,582
Accrued expense 28,125 137,662
Accrued expense - related party 52,050 26,000
Accrued license payments - related party 50,000 100,000
Total current liabilities 173,753 329,244
Long term debt 0 0
TOTAL LIABILITIES 173,753 329,244
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 9/30/13 and 12/31/12, respectively 75,380 62,218
Additional paid in capital 16,888,167 13,321,075
Additional paid in capital for shares to be issued 3,220,967 [1] 762,510 [2]
Accumulated deficit during development stage (14,607,738) (12,131,283)
Total shareholders' equity 5,576,776 2,014,520
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 5,750,529 $ 2,343,764
[1] Represents 8,052,416 shares of common stock
[2] Represents 2,541,700 shares of common stock