XML 28 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash $ 8,854,507 $ 13,858,798
Prepaid drug product for testing 559,515 154,667
Other current assets 178,977 100,494
Total current assets 9,592,999 14,113,959
Fixed assets    
Furniture, fixtures & equipment 123,410 123,410
Less Accumulated Depreciation (51,421) (10,284)
Property, Plant and Equipment, Net 71,989 113,126
Other assets    
Technology licenses 2,500,374 2,500,374
Less Accumulated Amortization (1,410,106) (1,249,481)
Intangible Assets, Net (Excluding Goodwill), Total 1,090,268 1,250,893
TOTAL ASSETS 10,755,256 15,477,978
Current liabilities    
Accounts payable 54,581 41,026
Accounts payable - related party 0 100,450
Accrued expense 882,829 253,445
Accrued expense - related party 0 67,050
Accrued license payments - related party 0 100,000
Total current liabilities 937,410 561,971
Long term debt 0 0
TOTAL LIABILITIES 937,410 561,971
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 89,762,872 and 89,762,872 shares issued and outstanding as of 9/30/15 and 12/31/14, respectively 89,763 89,763
Additional paid in capital 35,112,122 34,743,489
Accumulated deficit (25,384,039) (19,917,245)
Total shareholders' equity 9,817,846 14,916,007
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $ 10,755,256 $ 15,477,978