Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 1,414,363us-gaap_Cash $ 2,247,557us-gaap_Cash
Other current assets 49,124us-gaap_OtherAssetsCurrent 72,225us-gaap_OtherAssetsCurrent
Total current assets 1,463,487us-gaap_AssetsCurrent 2,319,782us-gaap_AssetsCurrent
Property and Equipment, net of accumulated depreciation of $50,393 and $47,180 at March 31, 2015 and December 31, 2014, respectively 31,647us-gaap_PropertyPlantAndEquipmentNet 21,946us-gaap_PropertyPlantAndEquipmentNet
Other assets 5,830us-gaap_OtherAssetsNoncurrent 5,830us-gaap_OtherAssetsNoncurrent
Total assets 1,500,964us-gaap_Assets 2,347,558us-gaap_Assets
Current liabilities    
Accounts payable-license agreements 417,032us-gaap_AccountsPayableCurrent 405,313us-gaap_AccountsPayableCurrent
Accounts payable and accrued expenses 181,107us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 175,228us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Accrued expenses and accounts payable-related parties 243,692us-gaap_AccountsPayableRelatedPartiesCurrent 259,507us-gaap_AccountsPayableRelatedPartiesCurrent
Convertible debentures, net of discounts of $57,934 and $105,542 at March 31, 2015 and December 31, 2014, respectively 133,906us-gaap_ConvertibleNotesPayableCurrent 139,098us-gaap_ConvertibleNotesPayableCurrent
Total current liabilities 975,737us-gaap_LiabilitiesCurrent 979,146us-gaap_LiabilitiesCurrent
Commitments and contingencies      
Stockholder's equity    
Common stock, $.001 par value: 300,000,000 shares authorized 181,338,244 and 181,028,244 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively 181,338us-gaap_CommonStockValue 181,028us-gaap_CommonStockValue
Additional paid-in capital 98,563,424us-gaap_AdditionalPaidInCapital 98,232,582us-gaap_AdditionalPaidInCapital
Accumulated deficit (98,219,535)us-gaap_RetainedEarningsAccumulatedDeficit (97,045,198)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' equity 525,227us-gaap_StockholdersEquity 1,368,412us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 1,500,964us-gaap_LiabilitiesAndStockholdersEquity $ 2,347,558us-gaap_LiabilitiesAndStockholdersEquity