Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Details Narrative)

v2.4.0.8
Summary of Significant Accounting Policies (Details Narrative) (USD $)
12 Months Ended 41 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2011
Cash and Cash Equivalents $ 888,704 $ 376,421 $ 888,704 $ 347,892
Warrants for services at fair market value 632,779      
Options under the 2011 Equity Incentive Plan at fair market value 115,626      
Common stock for services at fair market value 30,750      
Comprehensive loss relating to foreign currency translation (25,519) (38,914) (59,795)  
Revenue Recognition 0 54,968    
Research and development expenses 2,503,765 2,773,142 6,970,137  
Impairment of long-lived assets $ 350,000 $ 0    
Warrant [Member]
       
Potentially dilutive warrants 529,069   529,069  
Dilutive Warrants And Options [Member]
       
Potentially dilutive warrants and options 1,381,789   1,381,789