Basis of Presentation
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3 Months Ended |
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Mar. 31, 2012
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Organization, Consolidation and Presentation Of Financial Statements [Abstract] | |
Basis of Accounting [Text Block] |
1. Basis of Presentation
The condensed consolidated financial statements of Lixte Biotechnology Holdings, Inc. and its wholly-owned subsidiary, Lixte Biotechnology, Inc. (the “Company”) at March 31, 2012, for the three months ended March 31, 2012 and 2011, and for the period from August 9, 2005 (inception) to March 31, 2012 (cumulative), are unaudited. In the opinion of management, all adjustments (including normal recurring adjustments) have been made that are necessary to present fairly the financial position of the Company as of March 31, 2012, the results of its operations for the three months ended March 31, 2012 and 2011, and for the period from August 9, 2005 (inception) to March 31, 2012 (cumulative), and its cash flows for the three months ended March 31, 2012 and 2011, and for the period from August 9, 2005 (inception) to March 31, 2012 (cumulative). Operating results for the interim periods presented are not necessarily indicative of the results to be expected for a full fiscal year. The condensed balance sheet at December 31, 2011 has been derived from the Company’s audited financial statements.
The statements and related notes have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been omitted pursuant to such rules and regulations. These financial statements should be read in conjunction with the financial statements and other information included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011, as filed with the SEC.
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