Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets
Cash	$ 458,392	$ 402,401
Prepaid insurance	8,011	0
Total current assets	466,403	402,401
Total assets	466,403	402,401
Current liabilities
Accounts payable	32,445	33,895
Accrued payroll	5,661	20,869
Accrued professional fees	19,495	14,706
Accrued expenses	1,320	0
Advances - related parties	0	30,481
Accrued dividends	228,587	209,267
Total current liabilities	287,508	309,218
Total liabilities	287,508	309,218
Commitments and contingencies	0	0
Stockholders' equity
Common stock, $0.01 par value. 50,000,000 shares authorized. 10,242,379 and 1,563,424 issued as of September 30, 2015 and December 31, 2014, respectively	102,424	15,633
Accrued common stock payable	0	11,427,963
Additional paid-in capital	109,666,081	97,273,708
Accumulated deficit	(109,519,025)	(108,553,536)
Treasury stock, at cost, for 5,655 shares	(70,689)	(70,689)
Total stockholders' equity	178,895	93,183
Total liabilities and stockholders' equity	466,403	402,401
Series A Preferred stock
Stockholders' equity
Preferred stock	$ 104	$ 104

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).