XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current assets    
Cash $ 3,551,832 $ 534,046
Prepaid drug product for testing 51,364 195,000
Other current assets 64,117 42,575
Total current assets 3,667,313 771,621
Other assets    
Technology licenses - related party 2,500,374 2,500,374
Less Accumulated Amortization (1,088,856) (928,231)
Intangible Assets, Net (Excluding Goodwill), Total 1,411,518 1,572,143
TOTAL ASSETS 5,078,831 2,343,764
Current liabilities    
Accounts payable 76,109 57,000
Accounts payable - related party 0 8,582
Accrued expense 66,739 137,662
Accrued expense - related party 52,050 26,000
Accrued license payments - related party 100,000 100,000
Total current liabilities 294,898 329,244
Long term debt 0 0
TOTAL LIABILITIES 294,898 329,244
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 84,237,872 and 62,219,050 shares issued and outstanding as of 12/31/13 and 12/31/12, respectively 84,238 62,218
Additional paid in capital 20,096,991 13,321,075
Additional paid in capital for shares to be issued 0 762,510 [1]
Accumulated deficit during development stage (15,397,296) (12,131,283)
Total shareholders' equity 4,783,933 2,014,520
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 5,078,831 $ 2,343,764
[1] Represents 2,541,700 shares of common stock