Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
OPERATING EXPENSES:
Research and development - related party	$ 250,000	$ 600,000
Research and development	892,737	492,657
General and administrative - related party	27,000	27,000
General and administrative	755,352	1,186,358
Stock-based compensation - related party	43,817	43,336
Stock-based compensation	161,229	18,486
TOTAL OPERATING EXPENSES	2,130,135	2,367,837
OTHER INCOME:
Interest income	2,078	1,568
Net loss before income taxes	(2,128,057)	(2,366,269)
Provision for income taxes	0	0
Net loss	(2,128,057)	(2,366,269)
Preferred Stock dividends	(520,040)	(60,406)
Net loss attributable to common shareholders	$ (2,648,097)	$ (2,426,675)
PER SHARE DATA:
Basic and diluted loss per common share	$ (0.05)	$ (0.1)
Basic and diluted weighted average common shares outstanding	49,183,000	25,016,000