XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash $ 31,728 $ 31,782
Total Current Assets 31,728 31,782
Fixed assets, net 0 96
Other assets - intangibles, net 618,632 614,598
Total Assets 650,360 646,476
CURRENT LIABILITIES    
Accounts payable 369,945 346,303
Accrued liabilities 448,636 370,552
Accrued preferred stock dividends 63,418 72,399
Related party note payable 25,500 25,500
Total Current Liabilities 907,499 814,754
Total Liabilities 907,499 814,754
STOCKHOLDERS' EQUITY (DEFICIT)    
Common stock (par value $0.01), 250,000,000 shares authorized, 58,240,446 and 57,240,446 shares issued at June 30, 2016 and December 31, 2015, respectively 582,404 572,404
Treasury stock, 100,000 shares at June 30, 2016 and December 31, 2015 (1,000) (1,000)
Paid in capital in excess of par value 18,289,406 18,240,653
Accumulated deficit (19,132,449) (18,984,607)
Total Stockholders' Deficit (257,139) (168,278)
Total liabilities and stockholders' deficit 650,360 646,476
Preferred Class A [Member]    
STOCKHOLDERS' EQUITY (DEFICIT)    
Convertible preferred stock 1,441 1,382
Preferred Class B [Member]    
STOCKHOLDERS' EQUITY (DEFICIT)    
Convertible preferred stock 1,139 1,048
Preferred Class C [Member]    
STOCKHOLDERS' EQUITY (DEFICIT)    
Convertible preferred stock $ 1,920 $ 1,842