Consolidated Balance Sheet (USD $)	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Cash	$ 347,892	$ 47,481
Prepaid expenses	320,833	0
Other Current assets,	30,749	17,670
Total Current Assets	699,474	65,151
Property and equipment, net	22,969	1,208
Intangible assets, net	1,522,811	1,151,522
Total Assets	2,245,254	1,217,881
Current liabilities
Accounts payable and Accrued liabilities,	255,519	228,000
Notes payable	0	59,943
Related Party Payables,	278,845	260,867
Note payable - related party	0	900,000
Total Current Liabilities	534,364	1,448,810
Grant repayable	621,935	0
Total Liabilities	1,156,299	1,448,810
STOCKHOLDERS EQUITY/(DEFICIT)
Common stock Authorized: 200,000,000 shares, at $0.001 par value Issued and outstanding: 8,645,652 shares and 4,144,967 shares, respectively	8,646	4,145
Additional paid-in capital	4,578,254	668,338
Share subscriptions received	0	30,000
Other comprehensive income/(loss)	4,638	(39,292)
Deficit accumulated during the development stage	(3,502,583)	(894,120)
Total Stockholders Equity (Deficit)	1,088,955	(230,929)
Total Liabilities and Stockholders' Equity (Deficit)	$ 2,245,254	$ 1,217,881

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits

No definition available.