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Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012
--- | --- | ---
ASSETS |  |
Cash and cash equivalents | $ 2,688,000 | $ 8,027,000
Prepaid expenses | 118,000 | 60,000
Total current assets | 2,806,000 | 8,087,000
Fixed assets, net | 427,000 | 400,000
Patents and other intangible assets | 1,459,000 | 618,000
Other assets | 10,000 | 10,000
Total Assets | 4,702,000 | 9,115,000
LIABILITIES AND STOCKHOLDERS' EQUITY |  |
Accounts payable | 297,000 | 276,000
Accrued compensation and taxes | 586,000 | 168,000
Total current liabilities | 883,000 | 444,000
Deferred rent | 31,000 | 35,000
Total liabilities | 914,000 | 479,000
Commitments and Contingencies |  |
Stockholders' Equity: |  |
Preferred stock, $0.0001 par value, zero shares issued and outstanding | 0 | 0
Common stock, $0.0001 par value, 8,810,674 and 8,752,015 shares issued and outstanding at December 31, 2013 and 2012, respectively | 1,000 | 1,000
Additional paid-in capital | 17,751,000 | 17,314,000
Deficit accumulated in the development stage | (13,964,000) | (8,679,000)
Total stockholders' equity | 3,788,000 | 8,636,000
Total Liabilities and Stockholders' Equity | $ 4,702,000 | $ 9,115,000

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