Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Dec. 31, 2013
ASSETS    
Cash $ 2,641,734 $ 4,137,068
Accounts receivable 60,000 0
Other current assets 49,326 56,930
Total current assets 2,751,060 4,193,998
Property and Equipment, net of accumulated depreciation of $43,723 and $33,355 at September 30, 2014 and December 31, 2013, respectively 25,403 35,771
Other assets 5,830 5,830
Total assets 2,782,293 4,235,599
LIABILITIES AND STOCKHOLDER'S EQUITY    
Accounts payable-license agreements 326,094 185,450
Accounts payable-other 46,962 184,597
Accrued expenses and accounts payable-related parties 327,374 662,028
Accrued expenses-other 123,986 128,208
Total current liabilities 824,416 1,160,283
Stockholder's equity    
Common stock, $.001 par value: 300,000,000 shares authorized 180,953,764 and 176,242,817 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively 180,954 176,243
Additional paid-in capital 97,943,426 95,937,936
Accumulated deficit (96,166,503) (93,038,863)
Total stockholders' equity 1,957,877 3,075,316
Total liabilities and stockholders' equity $ 2,782,293 $ 4,235,599