XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 399,687 $ 3,100,398
Marketable securities 1,285,753
Prepaid expenses 94,542 60,417
TOTAL CURRENT ASSETS 1,779,982 3,160,815
EQUIPMENT - NET 1,022 1,097
TOTAL ASSETS 1,781,004 3,161,912
CURRENT LIABILITIES    
Accounts payable and accrued expenses 135,854 167,987
Derivative liability 425,838 516,870
TOTAL CURRENT LIABILITIES 561,692 684,857
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Preferred stock
Common stock, $.0001 par value, 100,000,000 shares authorized, 10,261,419 shares issued and outstanding at December 31, 2017, and 10,257,078 shares issued and outstanding at December 31, 2016 1,026 1,026
Additional paid-in-capital 12,227,849 11,239,786
Accumulated deficit (10,841,759) (8,582,123)
Accumulated other comprehensive loss (167,805) (181,635)
TOTAL STOCKHOLDERS’ EQUITY 1,219,312 2,477,055
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 1,781,004 3,161,912
Series B Convertible Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY    
Preferred stock $ 1 $ 1