XML 17 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets    
Cash $ 15,721,128 $ 3,551,832
Prepaid drug product for testing 141,345 51,364
Other current assets 171,563 64,117
Total current assets 16,034,036 3,667,313
Other assets    
Technology licenses - related party 2,500,374 2,500,374
Less Accumulated Amortization (1,169,168) (1,088,856)
Intangible Assets, Net (Excluding Goodwill), Total 1,331,206 1,411,518
TOTAL ASSETS 17,365,242 5,078,831
Current liabilities    
Accounts payable 78,915 76,109
Accounts payable - related party 3,213 0
Accrued expense 149,341 66,739
Accrued expense - related party 52,050 52,050
Accrued license payments - related party 50,000 100,000
Total current liabilities 333,519 294,898
Long term debt 0 0
TOTAL LIABILITIES 333,519 294,898
Shareholders' Equity    
Preferred Stock, $.001 par value 10,000,000 shares authorized, no shares issued and outstanding   0
Common Stock, $.001 par value, 200,000,000 shares authorized 89,237,872 and 84,237,872 shares issued and outstanding as of 6/30/14 and 12/31/13, respectively 89,238 84,238
Additional paid in capital 34,113,436 20,096,991
Accumulated deficit during development stage (17,170,951) (15,397,296)
Total shareholders' equity 17,031,723 4,783,933
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 17,365,242 $ 5,078,831