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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents $ 1,690,521 $ 3,265,141
Prepaid expenses & other 106,859 50,291
Total Current Assets 1,797,380 3,315,432
Property and equipment, net 193,332 169,808
Intangible assets, net 58,201 61,155
Total Assets 2,048,913 3,546,395
Current Liabilities:    
Accounts payable 229,051 341,172
Accrued expenses 3,108 39,232
Total Current Liabilities 232,159 380,404
Commitments & Contingencies      
Stockholders' Equity (Deficit):    
Preferred stock Series A; $0.001 par value, 3,500,000 designated 2,022,321 and 1,924,230 shares issued and outstanding, respectively 2,022 1,924
Common stock - Class A - $0.001 par value, 200,000,000 authorized, 22,440,894 and 22,310,894 shares issued and outstanding, respectively 22,442 22,312
Additional paid-in capital 16,411,418 16,015,484
Deficit accumulated in the development stage (14,619,128) (12,873,729)
Total Stockholders' Equity 1,816,754 3,165,991
Total Liabilities and Stockholders' Equity $ 2,048,913 $ 3,546,395