Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.3.0.814
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash $ 559,682 $ 2,247,557
Other current assets 57,161 72,225
Total current assets 616,843 2,319,782
Property and equipment, net of accumulated depreciation of $56,983 and $47,180 at September 30, 2015 and December 31, 2014, respectively 25,057 21,946
Other assets 6,480 5,830
Total assets 648,380 2,347,558
Current liabilities    
Accounts payable-license agreements 543,126 405,313
Accounts payable and accrued expenses 170,825 175,228
Accrued expenses and accounts payable-related parties 206,897 259,507
Convertible debentures, net of discounts of $7,119 and $105,542 at September 30, 2015 and December 31, 2014, respectively 184,721 139,098
Total current liabilities $ 1,105,569 $ 979,146
Commitments and contingencies
Stockholder's equity    
Common stock, $.001 par value: 300,000,000 shares authorized 183,171,577 and 181,028,244 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively $ 183,172 $ 181,028
Additional paid-in capital 99,947,915 98,232,582
Accumulated deficit (100,588,276) (97,045,198)
Total stockholders' equity (deficit) (457,189) 1,368,412
Total liabilities and stockholders' equity (deficit) $ 648,380 $ 2,347,558