Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

 v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended 71 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Revenues $ 0 $ 0 $ 0 $ 0 $ 0
Costs and expenses:          
General and administrative costs, including $40,528 and $20,534 of stock-based compensation costs for the three months ended June 30, 2011 and 2010, respectively, $40,528 and $93,274 of stock-based compensation costs for the six months ended June 30, 2011 and 2010, respectively, and $2,293,051 of stock-based compensation costs for the period from August 9, 2005 (inception) to June 30, 2011 (cumulative) 123,581 76,892 213,197 265,470 3,819,075
Depreciation 0 0 0 0 1,909
Research and development costs 224,208 233,104 485,654 394,977 2,708,501
Reverse merger costs 0 0 0 0 50,000
Total costs and expenses 347,789 309,996 698,851 660,447 6,579,485
Loss from operations (347,789) (309,996) (698,851) (660,447) (6,579,485)
Interest income 37 333 83 548 27,385
Interest expense 0 0 0 0 (2,469)
Liquidated damages under registration rights agreement 0 0 0 0 (74,000)
Net loss $ (347,752) $ (309,663) $ (698,768) $ (659,899) $ (6,628,569)
Net loss per common share - Basic and diluted (in dollars per share) $ (0.01) $ (0.01) $ (0.02) $ (0.02)  
Weighted average common shares outstanding - Basic and diluted (in shares) 35,079,178 35,077,178 35,078,183 34,389,333