Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash $ 902,333 $ 617,797
Other current assets 25,563 77,907
Total current assets 927,896 695,704
Property and Equipment, net of accumulated depreciation of $240,842 and $212,963 at September 30, 2012 and December 31, 2011, respectively 62,797 75,609
Other assets 10,330 10,330
Total assets 1,001,023 781,643
LIABILITIES AND STOCKHOLDERS' DEFICIENCY    
Accounts payable-related parties 43,253 63,003
Accounts payable-license agreements 206,475 178,125
Accounts payable-other 386,715 478,402
Accrued expenses-related parties 767,204 812,993
Accrued expenses-other 37,237 247,169
Accrued professional fees 109,303 294,552
Convertible debentures, net-of-discount 15,560 169,542
Fair value of derivative liabilities 3,035,739 1,643,139
Total current liabilities 4,601,486 3,886,925
Commitments and contingencies      
Stockholders' deficiency    
Common stock, $.001 par value: 200,000,000 shares authorized, 137,236,654 and 114,273,470, shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively 137,237 114,274
Additional paid-in capital 77,090,419 66,069,911
Deficit accumulated during the development stage (80,828,119) (69,289,467)
Total stockholders' deficiency (3,600,463) (3,105,282)
Total liabilities and stockholders' deficiency $ 1,001,023 $ 781,643