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Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash $ 327,382 $ 402,401
Prepaid expenses 8,752 0
Total current assets 336,134 402,401
Total assets 336,134 402,401
Current liabilities    
Accounts payable 42,304 33,895
Accrued payroll 4,855 20,869
Accrued professional fees 6,982 14,706
Advances - related parties 0 30,481
Accrued dividends 254,517 209,267
Total liabilities 308,658 309,218
Commitments and contingencies 0 0
Stockholders' equity    
Series A Preferred stock, $0.01 par value. 20,000 shares authorized and 10,375 shares issued at December 31, 2015 and 2014, respectively 104 104
Common stock, $0.01 par value. 50,000,000 shares authorized. 10,317,379 and 1,563,424 issued as of December 31, 2015 and 2014, respectively 103,174 15,633
Accrued common stock payable 0 11,427,963
Additional paid-in capital 109,652,901 97,273,708
Accumulated deficit (109,658,014) (108,553,536)
Treasury stock, at cost, for 5,655 shares (70,689) (70,689)
Total stockholders' equity 27,476 93,183
Total liabilities and stockholders' equity $ 336,134 $ 402,401