Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash $ 3,824,311 $ 1,601,791
Other current assets 58,081 40,132
Total current assets 3,882,392 1,641,923
Property and Equipment, net of accumulated depreciation of $71,777 and $249,040 at September 30, 2013 and December 31, 2012 respectively 44,272 55,674
Other assets 5,830 10,330
Total assets 3,932,494 1,707,927
LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIENCY)    
Accounts payable-related parties 91,589 65,192
Accounts payable-license agreements 198,732 315,850
Accounts payable-other 188,619 411,346
Accrued expenses-related parties 299,305 468,086
Accrued expenses-other 9,292 21,657
Accrued professional fees 75,673 102,178
Fair value of derivative liabilities 0 3,221,138
Total current liabilities 863,210 4,605,447
Stockholder's equity (deficiency)    
Common stock, $.001 par value: 200,000,000 shares authorized 166,911,687 and 143,667,570 shares issued and outstanding at September 30, 2013 and December 31, 2012 respectively 166,912 143,668
Additional paid-in capital 87,930,711 79,340,666
Deficit accumulated during the development stage (85,028,339) (82,381,854)
Total stockholders' equity (deficiency) 3,069,284 (2,897,520)
Total liabilities and stockholders' equity (deficiency) $ 3,932,494 $ 1,707,927