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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
6 Months Ended 86 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
CASH FLOW FROM OPERATING ACTIVITIES      
Net loss $ (1,773,654) $ (1,083,246) $ (17,170,951)
Adjustments to reconcile net loss to net cash used in operating activities      
Amortization 80,312 80,312 1,217,670
Technology impairment 0 0 690,000
Common stock issued for services 0 0 318,500
Stock options and warrants 209,071 29,557 3,927,304
(Increase) decrease in assets      
Prepaid drug product for testing (89,981) (84,180) (141,345)
Other current assets (107,446) (3,836) (171,563)
Increase (decrease) in liabilities      
Accounts payable and accrued expenses 38,621 (61,388) 333,519
Net cash used in operating activities (1,643,077) (1,122,781) (10,996,866)
CASH FLOW FROM INVESTING ACTIVITIES      
Purchase of exclusive license - related party 0 0 (884,710)
Net cash used in investing activities 0 0 (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 13,812,373 2,515,961 27,182,704
Net cash from financing activities 13,812,373 2,515,961 27,602,704
NET INCREASE (DECREASE) IN CASH 12,169,296 1,393,180 15,721,128
Cash, beginning of period 3,551,832 534,046 0
Cash, end of period 15,721,128 1,927,226 15,721,128
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 0 448,950 1,362,613
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 $ 0 $ 210,755