Annual report pursuant to section 13 and 15(d)

STATEMENTS OF OPERATIONS

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STATEMENTS OF OPERATIONS (USD $)
12 Months Ended 144 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Income:      
License fee $ 0 $ 0 $ 25,000
Sales 0 3,000 40,797
Grant income 63,668 86,323 281,492
Total income 63,668 89,323 347,289
Expenses:      
Research and development 519,435 942,240 4,677,675
General and administrative 1,482,638 1,430,365 13,594,297
Interest 163,297 37,187 598,139
Total expenses 2,165,370 2,409,792 18,870,111
Net loss $ (2,101,702) $ (2,320,469) $ (18,522,822)
Loss per share:      
Basic and diluted $ (0.053) $ (0.075)  
Weighted average shares outstanding, Basic and diluted 39,957,067 31,045,041