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Condensed Consolidated Statements Of Operations (USD $)
3 Months Ended 6 Months Ended 179 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Condensed Consolidated Statements Of Operations          
Revenue $ 0 $ 0 $ 30,000 $ 0 $ 452,000
Cost of Goods Sold 0 0 17,000 0 332,000
Gross Profit 0 0 13,000 0 120,000
Costs and expenses:          
Research and development 216,000 67,000 418,000 168,000 16,742,000
General and administrative (including compensation expense from options and warrants of $379,000, $0, $683,000, $45,000, and $19,923,000, respectively) 661,000 599,000 1,272,000 1,347,000 45,596,000
Asset impairments 0 0 0 0 1,071,000
Total costs and expenses 877,000 666,000 1,690,000 1,515,000 63,409,000
Loss from operations (877,000) (666,000) (1,677,000) (1,515,000) (63,289,000)
Reversal of liability on cancellation of debt 0 0 0 0 1,541,000
Gain on litigation settlement 0 0 0 1,900,000 1,900,000
Other income 1,000 29,000 2,000 29,000 251,000
Income (Loss) Before Income Tax Benefits (876,000) (637,000) (1,675,000) 414,000 (59,597,000)
Income tax benefits 0 0 0 0 384,000
Net Income (Loss) (876,000) (637,000) (1,675,000) 414,000 (59,213,000)
Net loss attributable to non-controlling interest in subsidiary 0 0 0 0 1,272,000
Net Income (Loss) attributable to Torvec, Inc. (876,000) (637,000) (1,675,000) 414,000 (57,941,000)
Preferred stock beneficial conversion feature 0 0 0 0 763,000
Preferred stock dividends 68,000 55,000 136,000 130,000 1,814,000
Net Income (Loss) attributable to Torvec, Inc. common stockholders $ (944,000) $ (692,000) $ (1,811,000) $ 284,000 $ (60,518,000)
Net Income (Loss) per common share attributable to stockholders of Torvec, Inc.:          
Basic $ (0.02) $ (0.02) $ (0.04) $ 0.01  
Diluted $ (0.02) $ (0.02) $ (0.04) $ 0.01  
Weighted average number of shares of common stock:          
Basic 45,698,000 36,888,000 45,694,000 36,530,000  
Diluted 45,698,000 36,888,000 45,694,000 36,601,000