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Condensed Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 341,434 $ 542,215
Investments in available-for-sale securities 1,995,004 1,932,801
Other current assets 39,037 29,245
Total current assets 2,375,475 2,504,261
Total Assets 2,375,475 2,504,261
Current liabilities:    
Accounts payable 9,526 18,000
Conversion feature liability 81,787 70,786
Total current liabilities $ 91,313 $ 88,786
Commitments and contingencies
Redeemable convertible preferred stock, $0.01 par value, 1,000,000 shares authorized; 168 shares issued and outstanding ($168,496 aggregate liquidation value) $ 168,496 $ 168,496
Stockholders’ equity:    
Common stock, $0.01 par value, 100,000,000 shares authorized; 9,199,647 and 8,949,645 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively 91,996 89,496
Common stock to be issued 12,500 12,500
Additional paid-in capital 64,502,510 64,467,510
Accumulated deficit (62,494,367) (62,330,316)
Accumulated other comprehensive income 3,027 7,789
Total stockholders’ equity 2,115,666 2,246,979
Total liabilities and stockholders’ equity $ 2,375,475 $ 2,504,261