CONSOLIDATED BALANCE SHEETS (USD $) § Jun. 30, 2013 § Dec. 31, 2012 Current Assets: Cash and cash equivalents $ 65,935 $ 1,304,088 Prepaid expenses & other 30,711 77,310 Total Current Assets 96,646 1,381,398 Property and equipment, net 168,709 176,889 Intangible assets, net 52,293 55,247 Total Assets 317,648 1,613,534 Current Liabilities: Accounts payable 339,827 137,779 Notes Payable - Stockholders 200,000 Accrued expenses 34,134 97,728 Total Current Liabilities 573,961 235,507 Stockholders' Equity (Deficit): Preferred stock Series A - $0.001 par value, 3,500,000 designated 2,234,673 and 2,126,574 shares issued and outstanding at June 30, 2013 and at December 31, 2012, respectively (preference in liquidation of $1,854,779 at June 30, 2013) 2,236 2,127 Common stock - Class A - $0.001 par value, 200,000,000 shares authorized, 24,375,013 and 24,330,013 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively 24,376 24,331 Additional paid-in capital 18,786,302 18,242,109 Deficit accumulated in the development stage (19,069,227) (16,890,540) Total Stockholders' Equity (Deficit) (256,313) 1,378,027 Total Liabilities and Stockholders' Equity (Deficit) $ 317,648 $ 1,613,534 http://ir.stockpr.com/fluoropharma/financials |