Quarterly report pursuant to sections 13 or 15(d)

Statements of Operations

v2.3.0.11
Statements of Operations (USD $)
3 Months Ended 6 Months Ended 47 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Income Statement [Abstract]          
NET REVENUES   $ 192,408 $ 178,308 $ 192,408 $ 370,717
OPERATING EXPENSES          
Research and development 1,617,886 70,664 1,855,833 83,560 2,444,330
General and administrative 828,699 196,610 1,234,392 333,238 2,732,482
Total costs and expenses 2,446,584 267,274 3,090,224 416,798 5,176,812
LOSS FROM OPERATIONS (2,446,584) (74,866) (2,911,916) (224,390) (4,806,095)
INTEREST & OTHER INCOME (EXPENSE)          
Interest income (123,921) (6,842) (183,764) (15,030) (379,737)
Other income   169,823   169,823 216,662
Change In fair value of warrant & derivatives liabilities 122,239 (43,445) 160,284 (43,445) 113,316
Total interest & other income (Expense) (1,682) 119,536 (23,481) 111,348 (49,758)
NET INCOME / (LOSS) $ (2,448,267) $ 44,670 $ (2,935,397) $ (113,042) $ (4,855,854)
NET INCOME / (LOSS) PER SHARE, BASIC AND FULLY DILUTED $ 0.06 $ 0.00 $ 0.09 $ 0.00  
COMMON SHARES OUTSTANDING 42,921,946 24,961,474 34,129,233 24,961,474