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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOW FROM OPERATING ACTIVITIES    
Net loss $ (2,922,063) $ (2,476,453)
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization 120,469 120,469
Stock options and warrants 327,118 635,603
(Increase) decrease in assets    
Prepaid drug product for testing (45,199) 46,699
Other current assets (130,064) (7,138)
Increase (decrease) in liabilities    
Accounts payable and accrued expenses (11,740) (155,491)
Net cash used in operating activities (2,661,479) (1,836,311)
CASH FLOW FROM INVESTING ACTIVITIES    
Purchase of fixed assets (66,124) 0
Net cash used in investing activities (66,124) 0
CASH FLOW FROM FINANCING ACTIVITIES    
Net proceeds from sale of common stock 13,812,373 5,403,106
Net cash from financing activities 13,812,373 5,403,106
NET INCREASE (DECREASE) IN CASH 11,084,770 3,566,795
Cash, beginning of period 3,551,832 534,046
Cash, end of period 14,636,602 4,100,841
Cash paid for    
Interest 0 0
Income taxes 0 0
Placement Agent
   
Non-cash financing activities    
Common stock issued $ 0 $ 448,950