Quarterly report pursuant to sections 13 or 15(d)

Statements of Operations

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Statements of Operations (USD $)
3 Months Ended 6 Months Ended 54 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Income Statement [Abstract]          
NET REVENUES       $ 178,308 $ 415,996
OPERATING EXPENSES:          
Research and development 359,829 522,416 435,745 765,486 2,041,532
General and administrative 574,853 562,914 1,864,702 975,506 6,309,148
Total costs and expenses 934,682 1,085,330 2,300,447 1,740,992 8,350,680
LOSS FROM OPERATIONS (934,682) (1,085,330) (2,300,447) (1,562,684) (7,934,684)
INTEREST & OTHER INCOME (EXPENSE)          
Interest Expense (111,932) (166,477) (217,382) (230,345) (1,428,557)
Other Income (Expense)         87,685
Change in fair value of warrant & derivative liabilities 51,287 125,137 205,171 163,181 602,339
Total interest & other income (expense) (60,645) (41,340) (12,211) (67,164) (738,533)
NET LOSS $ (995,327) $ (1,126,670) $ (2,312,658) $ (1,629,848) $ (8,673,217)
NET LOSS PER SHARE, BASIC $ (0.01) $ (0.02) $ (0.02) $ (0.03)  
COMMON SHARES OUTSTANDING - BASIC 101,415,191 54,930,650 94,635,577 60,536,263