Organization and Basis of Preparation

6 Months Ended

Jun. 30, 2013

Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]

Note - 1

Organization and Basis of Preparation

The information presented as of June 30, 2013 and for the three month and six month periods then ended, is unaudited, but includes all adjustments (consisting only of normal recurring accruals) that the Company's management believes to be necessary for the fair presentation of results for the periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to the requirements of the Securities and Exchange Commission, although the Company believes that the disclosures included in these financial statements are adequate to make the information not misleading. The December 31, 2012 condensed consolidated balance sheet was derived from audited consolidated financial statements. These financial statements should be read in conjunction with the Company's annual report on Form 10-K for the year ended December 31, 2012.

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Cadus Technologies, Inc. All intercompany balances and transactions have been eliminated in consolidation.

The results of operations for the three month and six month periods ended June 30, 2013 is not necessarily indicative of the results to be expected for the year ending December 31, 2013.