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CONDENSED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
COSTS AND EXPENSES    
Administrative and general $ 667,260 $ 665,610
Other 64,107 72,039
Costs and Expenses 731,367 737,649
OTHER (EXPENSE) INCOME    
Net proceeds from litigation settlement 20,000 150,000
Reversal of previously accrued DOL penalties 0 253,281
Interest expense (498,334) (449,705)
Other 1,698 0
Other Nonoperating Income (Expense) (476,636) (46,424)
NET LOSS (1,208,003) (784,073)
PREFERRED STOCK DIVIDENDS (101,600) (101,600)
NET LOSS APPLICABLE TO COMMON STOCKHOLDERS $ (1,309,603) $ (885,673)
Net loss per common share, basic and fully diluted $ (0.036) $ (0.024)
Weighted average number of common shares outstanding, basic and fully diluted 36,297,575 36,297,575