Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash $ 59,892 $ 617,797
Other current assets 37,350 77,907
Total current assets 97,242 695,704
Property and Equipment, net of accumulated depreciation of $231,292 and $212,963 at June 30, 2012 and December 31, 2011, respectively 70,053 75,609
Other assets 10,330 10,330
Total assets 177,625 781,643
LIABILITIES AND STOCKHOLDERS' DEFICIENCY    
Accounts payable-related parties 49,328 63,003
Accounts payable-license agreements 247,100 178,125
Accounts payable-other 384,985 478,402
Accrued expenses-related parties 795,450 812,993
Accrued expenses-other 53,319 247,169
Accrued professional fees 114,442 294,552
Convertible debentures, net-of-discount 251,000 169,542
Fair value of derivative liabilities 1,725,138 1,643,139
Total current liabilities 3,620,762 3,886,925
Commitments and contingencies    
Stockholders' deficiency    
Common stock, $.001 par value: 200,000,000 shares authorized, 128,016,534 and 114,273,470, shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively 128,017 114,274
Additional paid-in capital 72,586,261 66,069,911
Deficit accumulated during the development stage (76,157,415) (69,289,467)
Total stockholders' deficiency (3,443,137) (3,105,282)
Total liabilities and stockholders' deficiency $ 177,625 $ 781,643