Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Dec. 31, 2007
Dec. 31, 2006
Dec. 31, 2005
Dec. 31, 2004
Dec. 31, 2003
Dec. 31, 2002
Dec. 31, 2001
Dec. 31, 2000
Current Assets:                            
Cash and cash equivalents $ 3,239,886 $ 5,618,669                        
Prepaid expenses and other current assets 117,143 167,143                        
Total Current Assets 3,357,029 5,785,812                        
Property and equipment, net of accumulated depreciation    3,010                        
Total Assets 3,357,029 5,788,822                        
Current Liabilities:                            
Accounts payable and accrued expenses 459,923 897,044                        
Accounts payable and accrued expenses - related party 31,185 31,185                        
Notes payable 74,667 140,000                        
Derivative liabilities 2,240,446 3,574,958                        
Total Current Liabilities 2,806,221 4,643,187                        
Commitments and contingencies                              
Stockholders' Equity:                            
Preferred stock, $0.01 par value; 10,000,000 authorized none issued and outstanding                              
Common stock, $0.01 par value; 100,000,000 shares authorized; and 21,391,665 shares issued and outstanding 213,916 213,916                        
Additional paid in capital 56,769,382 56,675,182                        
Deficit accumulated during the development stage (56,432,490) (55,743,463)                        
Total Stockholders' Equity 550,808 1,145,635 992,010 399,061 845,161 4,158,765 3,460,052 1,823,762 74,275 439,124 1,573,915 (1,675,291) (1,732,907) 1,107,714
Total Liabilities and Stockholders' Equity $ 3,357,029 $ 5,788,822