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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended 80 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Revenue $ 0 $ 0 $ 0
Operating expense      
Research and development 1,518,885 [1] 1,132,712 [1] 5,844,481 [1]
General & administrative 1,634,650 [2] 986,097 [2] 8,694,113 [2]
Total operating expense 3,269,240 2,582,679 15,717,919
Net operating loss (3,269,240) (2,582,679) (15,717,919)
Other income (expense)      
Interest income 4,037 779 81,127
Other income 0 0 244,479
Other expense (810) (637) (4,983)
Total Other Income (Expense) 3,227 142 320,623
Net Loss Before Income Taxes (3,266,013) (2,582,537) (15,397,296)
Income tax expense 0 0 0
Net Loss (3,266,013) (2,582,537) (15,397,296)
Loss per share      
Net loss per share, basic and diluted $ (0.05) $ (0.04) $ (0.31)
Basic and diluted weighted average number of common shares outstanding 71,372,672 59,317,779 49,844,257
Related Party
     
Operating expense      
Research and development $ 115,705 [3] $ 463,870 [3] $ 1,179,325 [3]
[1] Research and development expense includes stock option expense of $32,879 and $53,645 for the years ending 12/31/2013 and 12/31/2012, respectively; and $455,877 for the period from inception through 12/31/2013. Research and development expense also includes amortization expense of $160,625 and $185,271 for the years ending 12/31/2013 and 12/31/2012, respectively; and $1,137,359 for the period from inception through 12/31/2013.
[2] General & administrative expense includes stock option expense of $671,601 and $9,740 for the years ending 12/31/2013 and 12/31/2012, respectively; and for the period from inception through 12/31/2013, $3,262,356 for stock option and warrant expense and $318,500 in stock for services.
[3] Includes $345,000 technology impairment charge for the year ending 12/31/2012; and technology impairment of $690,000 for the period from inception through 12/31/2013.