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Condensed Balance Sheets - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 862,990 $ 545,705
Investments in available-for-sale securities 1,391,154 1,776,185
Other current assets 12,797 29,928
Total current assets 2,266,941 2,351,818
Total Assets 2,266,941 2,351,818
Current liabilities:    
Accounts payable 111 9,631
Conversion feature liability 85,537 76,343
Total current liabilities 85,648 85,974
Commitments and contingencies
Redeemable convertible preferred stock, $0.01 par value, 1,000,000 shares authorized; 168 shares issued and outstanding ($168,496 aggregate liquidation value) 168,496 168,496
Stockholders’ equity:    
Common stock, $0.01 par value, 100,000,000 shares authorized; 9,424,909 and 9,282,981 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 94,249 92,829
Common stock to be issued 9,375 12,500
Additional paid-in capital 64,534,632 64,514,177
Accumulated deficit (62,643,982) (62,527,454)
Accumulated other comprehensive income 18,523 5,296
Total stockholders’ equity 2,012,797 2,097,348
Total liabilities and stockholders’ equity $ 2,266,941 $ 2,351,818