XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues [Abstract]        
Royalty revenue $ 89,118 $ 122,107 $ 417,074 $ 309,703
Operating Expenses        
Research and development 177,885 51,847 282,339 192,827
General and administrative 55,485 52,895 262,599 212,565
Total Operating Expenses 233,370 104,742 544,938 405,392
Income (Loss) from Operations (144,252) 17,365 (127,864) (95,689)
Other Income (Expenses)        
Interest income 570 570
Interest expense (17,338) (13,718) (45,898) (41,429)
Total Other Income (Expense) (17,338) (13,148) (45,898) (40,859)
Income (Loss) before Income Taxes (161,590) 4,217 (173,761) (136,548)
Provision for Income Taxes
Net Income (Loss) $ (161,590) $ 4,217 $ (173,761) $ (136,548)
Net Loss per Share - Basic and Diluted $ (0.005) $ (0.005) $ (0.004)
Weighted Average Common Shares Outstanding - Basic and Diluted 31,750,106 31,750,106 31,750,106 31,750,106