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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 25,281 $ 44,411
Money market funds 104,095 $ 213,699
License fee receivable 200,000
Advances on research and development contract services, including $185,392 and $202,816 from Theradex at December 31, 2015 and 2014, respectively 207,677 $ 231,177
Prepaid expenses and other current assets 60,922 50,012
Total current assets 597,975 539,299
Total assets 597,975 539,299
Current liabilities:    
Accounts payable and accrued expenses 159,076 122,534
Research and development contract liabilities, including $88,162 and $18,436 to Theradex at December 31, 2015 and 2014, respectively 124,566 $ 58,186
Dividend payable on Series A Convertible Preferred Stock $ 2,000
Due to Chairman and major stockholder $ 92,717
Total current liabilities $ 285,642 $ 273,437
Stockholders' equity:    
Series A Convertible Preferred Stock, $0.0001 par value, $10.00 per share stated value, $50.00 per share redemption value; 175,000 shares authorized, issued and outstanding at December 31, 2015; aggregate redemption value of $8,750,000; liquidation preference based on assumed conversion into common shares; 2,187,500 shares of common stock issuable upon conversion 1,750,000
Common stock, $0.0001 par value; authorized - 100,000,000 shares; issued and outstanding - 47,875,814 shares and 45,483,097 shares at December 31, 2015 and 2014, respectively 4,787 $ 4,548
Additional paid-in capital 17,129,815 15,979,475
Accumulated deficit (18,572,269) (15,718,161)
Total stockholders' equity 312,333 265,862
Total liabilities and stockholders' equity $ 597,975 $ 539,299