v2.4.0.8

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | 29 Months Ended
--- | --- | ---
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013
Revenue | $ 0 | $ 0 | $ 0
Operating Expenses |  |  |
Research and development expenses | 158,352 | 212,500 | 584,602
Merger expenses | 0 | 0 | 415,000
General and administrative expenses | 762,180 | 1,420,465 | 2,609,619
Total Operating Expenses | 920,532 | 1,632,965 | 3,609,221
Change in fair value of derivative liabilities | (80,394) | (66,501) | (146,895)
Interest expense | (219,276) | 0 | (219,276)
Net Loss | (1,220,202) | (1,699,466) | (3,975,392)
Dividends to Preferred Stockholders | (250,806) | (191,199) | (449,238)
Net Loss Attributable to Common Stockholders | $ (1,471,008) | $ (1,890,665) | $ (4,424,630)
Basic and Diluted Net Loss per Share (in dollars per share) | $ (0.09) | $ (0.12) |
Weighted Average Number of Shares Outstanding - basic and diluted (in shares) | 16,284,026 | 16,175,150 |

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