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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents $ 776,163 $ 3,265,141
Prepaid expenses & other 114,064 50,291
Total Current Assets 890,227 3,315,432
Property and equipment, net 180,060 169,808
Intangible assets, net 56,724 61,155
Total Assets 1,127,011 3,546,395
Current Liabilities:    
Accounts payable 79,533 341,172
Accrued expenses 63,471 39,232
Total Current Liabilities 143,004 380,404
Commitments & Contingencies      
Stockholders' Equity:    
Preferred stock Series A; $0.001 par value, 3,500,000 designated 2,022,321 and 1,924,230 shares issued and outstanding, reapectively 2,022 1,924
Common stock - Class A - $0.001 par value, 200,000,000 shares authorized, 22,510,894 and 22,310,894 shares issued and outstanding, reapectively 22,512 22,312
Additional paid-in capital 16,620,318 16,015,484
Deficit accumulated in the development stage (15,660,845) (12,873,729)
Total Stockholders' Equity 984,007 3,165,991
Total Liabilities and Stockholders' Equity $ 1,127,011 $ 3,546,395