FluoroPharma Medical (FPMI) 10-Q 14 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 14, 2013
Document And Entity Information	'	'
Entity Registrant Name	'FLUOROPHARMA MEDICAL, INC.	'
Entity Central Index Key	'0001402785	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	24,390,013
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2013	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current Assets:	'	'
Cash and cash equivalents	$122,935	$1,304,088
Investment in trading securities	3,247,758	'
Prepaid expenses & other	26,181	77,310
Total Current Assets	3,396,874	1,381,398
Property and equipment, net	164,946	176,889
Intangible assets, net	50,816	55,247
Total Assets	3,612,636	1,613,534
Current Liabilities:	'	'
Accounts payable	408,233	137,779
Notes Payable - Stockholders	55,000	'
Derivative warrant liability	2,150,084	'
Accrued expenses and other	211,009	97,728
Total Current Liabilities	2,824,326	235,507
Stockholders' Equity (Deficit):	'	'
Preferred stock Series A - $0.001 par value, 3,500,000 designated 2,234,673 and 2,126,575 shares issued and outstanding at September 30, 2013 and at December 31, 2012, respectively (preference in liquidation of $1,768,086 at September 30, 2013)	2,236	2,127
Preferred stock Series B; $0.001 par value, 12,000,000 designated 5,604,326 and 0 shares issued and outstanding at September 30, 2013 and at December 31, 2012, respectively (preference in liquidation of $4,490,879 at September 30, 2013)	5,604	'
Common stock - Class A - $0.001 par value, 200,000,000 shares authorized, -	24,391	24,331
Additional paid-in capital	22,336,193	18,242,109
Deficit accumulated in the development stage	-21,580,114	-16,890,540
Total Stockholders' Equity (Deficit)	788,310	1,378,027
Total Liabilities and Stockholders' Equity (Deficit)	$3,612,636	$1,613,534

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Statement of Financial Position [Abstract]	'	'
Preferred stock Series A, par value	$0.00	$0.00
Preferred stock Series A,designated	3,500,000	3,500,000
Preferred stock Series A, shares issued	2,234,673	2,126,575
Preferred stock Series A, shares outstanding	2,234,673	2,126,575
Preference in liquidation	$1,768,086	'
Preferred stock Series B, par value	$0.00	$0.00
Preferred stock Series B, designated	12,000,000	12,000,000
Preferred stock Series B, shares issued	5,604,326	0
Preferred stock, Series B, shares outstanding	5,604,326	0
Preference in liquidation	$4,490,879	'
Common stock, par value	$0.00	$0.00
Common stock, Authorized	200,000,000	200,000,000
Common stock, shares issued	24,390,013	24,330,013
Common stock, shares outstanding	24,390,013	24,330,013

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended		118 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Operating Expenses:	'	'	'	'	'
General and administrative	$574,194	$663,463	$2,060,515	$1,891,549	$12,970,892
Research and development	322,942	344,871	979,675	905,142	7,046,738
Total Operating Expenses	897,136	1,008,334	3,040,190	2,796,691	20,017,630
Loss from Operations	-897,136	-1,008,334	-3,040,190	-2,796,691	-20,017,630
Other Income (Expense):	'	'	'	'	'
Interest income	'	196	209	570	5,305
Other income	'	'	70,525	'	70,525
Gain on debt restructuing	'	'	'	'	1,358,127
Loss on disposition of fixed assets	'	'	'	'	-72,695
Gain on settlement of accounts payable	6,594	9,142	6,594	133,142	264,625
Loss on sale of trading securities	-828	'	-828	'	-828
Unrealized loss on trading securities	-232,859	'	-232,859	'	-232,859
Gain on revaluation of derivative warrant liability	55,576	'	55,576	'	55,576
Interest and other expense	-33,974	'	-50,620	'	-366,946
Total Other Income (Expense), net	-205,491	9,338	-151,403	133,712	1,080,830
Loss Before Provision for Income Taxes	-1,102,627	-998,996	-3,191,593	-2,662,979	-18,936,800
Provision for Income Taxes	'	'	'	'	'
Net Loss	-1,102,627	-998,996	-3,191,593	-2,662,979	-18,936,800
Preferred Stock Dividend	-1,408,260	-42,721	-1,497,981	-124,137	-2,643,314
Net Loss Attributable to Common Stockholders	($2,510,887)	($1,041,717)	$21,580,114	'	'
Net loss per common share - Basic and Diluted	($0.10)	($0.05)	($0.19)	($0.12)	($2.05)
Weighted Average Shares Used in per Share Calculation - Basic and Diluted	24,385,012	22,443,202	24,370,233	22,407,378	10,540,473

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended		118 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'	'
Net loss	($3,191,593)	($2,662,979)	($18,936,800)
Adjustments to reconcile net loss to net cash used by operating activities	'	'	'
Depreciation and amortization	18,420	18,453	274,408
Non-cash fair value of common stock issued for consulting	45,550	110,500	179,538
Share-based compensation related to employee stock options	371,912	265,354	3,056,859
Amortization of debt discount	'	'	19,292
Non-cash fair value of stock options issued to non-employees for consulting	153,761	4,642	1,528,513
Non-cash fair value of warrants issued to non-employees	'	73,220	134,420
Expenses paid by issuance of preferred and common stock	'	70,000	247,650
Loss on fixed asset dispositions	'	'	72,695
Non-cash interest expense on beneficial conversion	27,500	'	27,500
Gain on debt and accounts payable settlement	-6,594	-133,142	-1,622,752
Loss on early extinguishment of debt	'	'	61,419
Net loss on sale of trading securities	828	'	828
Unrealized loss on trading securities	232,859	'	232,859
Gain on revaluation of derivative warrant liabilitiy	-55,576	'	-55,576
(Increase) decrease in:	'	'	'
Accounts receivable	'	'	50,000
Prepaid expenses and other	51,129	-63,773	-26,181
Increase (decrease) in:	'	'	'
Accounts payable	277,048	-114,336	927,077
Accrued expenses	73,524	-18,482	667,034
Net Cash Used by Operating Activities	-2,001,232	-2,450,543	-13,161,217
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'	'
Proceeds from sale of investments, net	13,940	'	13,940
Cash paid for intangible assets	'	'	-161,609
Net cash received in acquisition	'	'	69
Cash paid for purchase of property and equipment	-2,046	-38,435	-415,018
Net Cash Used by Investing Activities	11,894	-38,435	-562,618
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Proceeds from issuance of notes - stockholders, net	330,000	'	1,730,000
Proceeds from issuance of short-term convertible notes	'	'	608,165
Advances from stockholders	'	'	679,500
Proceeds from sale of common stock, net	'	'	8,430,920
Proceeds from sale of preferred stock, net	478,185	'	2,398,185
Net Cash Provided by Financing Activities	808,185	'	13,846,770
Net Increase (Decrease) in Cash and Cash Equivalents	-1,181,153	-2,488,978	122,935
Cash and Cash Equivalents, Beginning of Period	1,304,088	3,265,141	'
Cash and Cash Equivalents, End of Period	122,935	776,163	122,935
Supplemental Cash Flow Disclosures:	'	'	'
Interest expense paid in cash	'	'	'
Tax paid	1,662	'	'
Supplemental Non-Cash Disclosure:	'	'	'
Conversion of preferred stock to common stock	'	'	288
Notes payable - stockholder - settled in common stock	'	'	2,135,000
Accrued interest - stockholder - settled in common stock	'	'	188,569
Notes payable - stockholder - settled in preferred stock	275,000	'	2,135,000
Accrued interest - stockholder - settled in common stock	'	'	188,569
Preferred Stock Dividend	-1,497,981	-124,137	-2,643,314
Advances from stockholders settled in common stock	'	'	679,500
Accounts payable settled in common stock	'	'	471,472
Accounts payable settled in common stock options	'	'	30,500
Accrued expenses settled in common stock options	'	'	3,000
Decrease in accounts payable related to fixed asset disposition	'	'	133,314
Decrease in accounts payable related to settlement	6,594	133,142	1,622,752
Decrease in accrued expenses related to settlement	'	'	3,000
Increase in accounts receivable related to common stock issuance	'	'	50,000
Warrants issued with convertible notes payable	'	'	7,474
Accrued expenses settled in preferred stock	15,000	'	15,000
Sale of preferred stock for marketable equity securities	3,495,385	'	3,495,385
Fair value of warrants issued to Series B holders	2,183,161	'	2,183,161
Fair value of warrants issued to Series B placement agents	$22,499	'	$22,499

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	FluoroPharma Medical, Inc., a Nevada corporation (the “Company”), is a molecular imaging company headquartered in Montclair, N.J. The Company was founded as FluoroPharma Inc. in 2003 to engage in the discovery, development and commercialization of proprietary products for the positron emission tomography (“PET”) market. The Company’s initial focus has been on the development of novel cardiovascular imaging agents that can more efficiently and effectively detect and assess acute and chronic forms of coronary artery disease (“CAD”). Molecular imaging pharmaceuticals are radiopharmaceuticals that enable early detection of disease through the visualization of subtle changes in biochemical and biological processes.
	The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, FluoroPharma, Inc., a Delaware corporation.
	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements of FluoroPharma Medical, Inc. and Subsidiary have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and the rules and regulations of the U.S. Securities and Exchange Commission (the "SEC").  Accordingly, the unaudited condensed consolidated financial statements do not include all information and footnotes required by U.S. GAAP for complete annual financial statements.  In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of only normal recurring adjustments, considered necessary for a fair presentation.  Certain prior year amounts in the condensed consolidated financial statements and notes thereto have been reclassified to conform to the current period’s presentation.  Interim operating results are not necessarily indicative of results that may be expected for the year ending December 31, 2013 or for any other interim period.  The unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements of the Company and the notes thereto as of and for the year ended December 31, 2012, as included in the Company's Form 10-K filed with the SEC on March 28, 2013.
	As of September 30, 2013, the Company has not generated any revenues from its products and is therefore still considered to be a development stage company as defined in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 915 “Development Stage Entities”. The Company is devoting substantially all of its present efforts to research and development of commercially viable products that meet the standards of and are approved by the United States Food and Drug Administration (“FDA”), raising capital and attracting qualified advisors and personnel to further advance the Company’s goals. The Company has not commenced its planned principal operations, has not generated any revenues from operations and has no assurance of any future revenues. All losses accumulated since incorporation on June 13, 2003 have been considered as part of the Company's development stage activities.
	Cash and Cash Equivalents
	The Company considers all highly liquid investments with maturities of three months or less from the date of purchase to be cash equivalents. All cash balances were highly liquid at September 30, 2013 and December 31, 2012.
	Use of Estimates
	The accompanying consolidated financial statements are prepared in conformity with U.S. GAAP, and include certain estimates and assumptions which affect the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period, including contingencies. Accordingly, actual results may differ from those estimates.
	Concentration of Risks
	Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash and cash equivalents and investments. The Company primarily maintains its cash balances with financial institutions in federally insured accounts.  The Company may from time to time have cash in banks in excess of FDIC insurance limits.  The Company has not experienced any losses to date resulting from this practice.  The Company’s investments in trading securities are comprised of a single investment in a publicly traded stock and as of September 30, 2013 the Company has recorded an unrealized loss related to that stock’s decline in value of $232,859.
	Principles of consolidation
	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, FluoroPharma, Inc.  Intercompany transactions and balances have been eliminated upon consolidation.
	Property and Equipment
	Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The Company’s property and equipment at September 30, 2013 and December 31, 2012 consisted of computer and office equipment and machinery and equipment, and leasehold improvements with estimated useful lives of three to five years.  Depreciation and amortization was $18,420, $18,453 and $274,208 in the periods ended September 30, 2013, December 31, 2012 and the period from inception to September 30, 2013, respectively.  At September 30, 2013, included in Property and Equipment was idle equipment with a carrying value of $128,245 purchased by the Company for use in future clinical trials.
	Intangible Assets
	The Company’s intangible assets consist of technology licenses and are carried at the legal cost to obtain them. Intangible assets are amortized using the straight line method over their estimated useful life of 15 years.
	Impairments
	The Company assesses its long-lived assets, including intangible assets, for possible impairment whenever events or changes in circumstances indicate that their carrying value may not be recoverable in accordance with ASC Topic 360-10-35, “Impairment or Disposal of Long-Lived Assets.” The determination of related estimated useful lives and whether or not these assets are impaired involves significant judgments, related primarily to the future profitability and/or future value of the assets. The Company records an impairment charge if it believes an investment has experienced a decline in value that is other than temporary.
	Management has determined that no impairments had occurred as of September 30, 2013 or December 31, 2012.
	Derivative financial instruments
	The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the consolidated statements of operations. For stock-based derivative financial instruments, the Company uses a binomial  pricing model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period.  Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.
	The Company has derivative liabilities at September 30, 2013 relating to certain warrants issued in 2013 that contain anti-dilution provisions.
	Fair Value of Financial Instruments
	The Company's financial instruments primarily consist of cash, cash equivalents, trading securities, short-term notes payable and accounts payable. The fair value of these financial instruments is calculated using current market prices, or on a historical cost basis, which, due to the short maturity of these financial instruments, approximates the fair value at the reporting dates of these financial statements.
	The Company groups its assets and liabilities measured at fair value, in three levels based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value.  Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price).
	Financial instruments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.
	The three levels of the fair value hierarchy are as follows:
	Level 1 – Valuation is based on quoted prices in active markets for identical assets or liabilities.  Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities.
	Level 2 – Valuation is based on observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
	Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.  Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.
	In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy.  In such cases, an instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.  The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the financial instrument.
	The Company recognizes transfers between levels at the end of the reporting period as if the transfers occurred on the last day of the reporting period.
	Assets and liabilities measured at fair value on a recurring basis are summarized below:
		30-Sep-13
		Level 1				Level 2			Level 3		Fair Value
	Current Assets:
	Trading securities	$	3,247,758			$	--		$	—	$3,247,758
	Current Liabilities:
	Derivative warrant liability	$	-			$	--		$	2,150,084	$2,150,084
	There were no assets or liabilities measured at fair value on a recurring basis at December 31, 2012.
	The following table sets forth the changes in the estimated fair value for our Level 3 classified derivative warrant liability:
		Nine Months Ended			Nine Months Ended
		30-Sep-13			30-Sep-12
	Fair value at beginning of period	$	-		$	-
	Issuance of derivative warrant liability		2,205,660			-
	Change in fair value		-55,576			-
	Fair value at end of period	$	2,150,084		$	-
	Income Taxes
	The Company uses the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of the existing assets and liabilities and the respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be realized or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in results of operations in the period that the tax rate change occurs. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.
	The Company accounts for uncertain tax positions in accordance with FASB ASC Topic 740-10, Accounting for Uncertainty in Income Taxes.  Income tax positions must meet a more-likely-than-not threshold in order to be recognized in the financial statements. There were no recognized uncertain tax positions at September 30, 2013 and December 31, 2012.  The Company recognizes potential accrued interest and penalties related to unrecognized tax benefits within operations as income tax expense.  As new information becomes available, the assessment of the recognition threshold and the measurement of the associated tax benefit of uncertain tax positions may result in financial statement recognition or de-recognition.  The Company had no accrual for interest or penalties on its balance sheets at September 30, 2013 or December 31, 2012, and has not recognized interest and/or penalties in the statement of operations for the periods ended September 30, 2013 and December 31, 2012.   Further, the Company currently has no open tax years, subject to audit prior to December 31, 2009.
	Accounting for Share-Based Payments
	The Company follows the provisions of ASC Topic 718, which establishes the accounting for transactions in which an entity exchanges equity securities for services and requires companies to expense the estimated fair value of these awards over the requisite service period. The Company uses the Black-Scholes option pricing model in determining fair value. Accordingly, compensation cost has been recognized using the fair value method, which resulted in employee stock-based compensation expense for the nine months ended September 30, 2013 and 2012 of $371,912 and $265,354, respectively, and $3,056,859 for the period from June 13, 2003 (inception) to September 30, 2013.
	The Company accounts for share-based payments granted to non-employees in accordance with ASC Topic 505, “Equity Based Payments to Non-Employees.” The Company determines the fair value of the stock-based payment as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable.  If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of either (1) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached, or (2) the date at which the counterparty’s performance is complete.
	To compute compensation expense, the Company estimated the fair value of each option award on the date of grant using the Black-Scholes option pricing model for employees, and calculated the fair value of each option award at the end of the period for non-employees.  The Company based the expected volatility assumption on a volatility index of peer companies as the Company did not have sufficient historical market information to estimate the volatility of its own stock.  The expected term of options granted represents the period of time that options are expected to be outstanding.  The Company estimated the expected term of stock options by using the simplified method. The expected forfeiture rates are based on the historical employee forfeiture experiences.  To determine the risk-free interest rate, the Company utilized the U.S. Treasury yield curve in effect at the time of grant with a term consistent with the expected term of the Company’s awards.  The Company has not declared a dividend on its common stock since its inception and has no intentions of declaring a dividend in the foreseeable future and therefore used a dividend yield of zero.
	The fair value of each share-based payment is estimated on the measurement date using the Black-Scholes model with the following assumptions:
		2013				2012
	Risk-free interest rate		2.61	%			2.42	%
	Expected volatility		61.67	%			77.7	%
	Dividend yield	none				none
	Expected term	6 years				5 years
	Net Loss per Common Share
	The Company computes net loss per common share in accordance with ASC Topic 260. Net loss per share is based upon the weighted average number of outstanding common shares and the dilutive effect of common share equivalents, such as options and warrants to purchase common stock, and convertible notes, if applicable, that are outstanding each year.
Basic and diluted earnings per share were the same for all periods presented as including common stock equivalents in the calculation of diluted earnings per share would have been antidilutive. As of September 30, 2013, the Company had outstanding options exercisable for 4,536,928 shares of its common stock, warrants exercisable for 14,856,282 shares of its common stock, series A preferred stock (the “Series A Preferred Stock”) convertible into 2,296,216 shares of common stock, and series B preferred stock (the “Series B Preferred Stock”) convertible into 5,613,599 shares of common stock.  At September 30, 2012, the Company had outstanding options exercisable for 4,353,428 shares of its common stock, and warrants exercisable for 5,243,531 shares of common stock, and Series A Preferred Stock convertible into 2,073,792 shares of common stock.
Research and Development Costs
Research and development costs are expensed as incurred.
Reclassification
Certain items in the 2012 financial statements have been reclassified to conform to the current year presentation.
Segment Reporting
The Company has determined that it operates in only one segment currently, which is biopharmaceutical research and development.
Recent Accounting Pronouncements
Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.
Going concern
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  The Company has experienced net losses and negative cash flows from operations since its inception.  The Company has sustained cumulative losses of $21,580,114 as of September 30, 2013.  The Company has historically financed its operations through issuances of equity and the proceeds of debt instruments. In the past, the Company has also provided for its cash needs by issuing common stock, options and warrants for certain operating costs, including consulting and professional fees.
The Company continues to actively pursue various funding options, including equity offerings, to obtain additional funds to continue the development of its products and bring them to commercial markets. Management continues to assess fund raising opportunities to ensure minimal dilution to its existing shareholder base and to obtain the best price for its securities. There can be no assurance that we will be able to consummate any fund raising transactions on terms acceptable to us or at all or in the time frames we anticipate.  If the Company is unable to raise additional capital as may be needed to meet its operating expenses, it could have a material adverse effect on liquidity or require the Company to cease or significantly delay some of its clinical trials.  These financial statements do not include any adjustments relating to the recoverability of recorded asset amounts that might be necessary as a result of the above uncertainty.

2012_PRIVATE_PLACEMENT

2012 PRIVATE PLACEMENT	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
The 2012 PRIVATE PLACEMENT	'
	On November 19, 2012, the Company conducted a private placement offering and raised aggregate gross proceeds of $1,546,250 upon the sale of 1,819,119 shares of common stock at a price per share of $0.85 (the “2012 Private Placement”).  For each share of common stock purchased, the investors received a warrant to purchase a share of the Company’s common stock at an exercise price of $0.90 per share and a term of one year.  Net proceeds amounted to $1,360,572 after deducting offering expenses.
	The placement agent for the 2012 Private Placement received cash fees of $123,700 and 181,912 placement agent warrants to purchase shares of the Company’s common stock at a price per share of $0.85 and a term of five years.  The fair value of the placement agent warrants was approximately $62,000 and were recorded as both a debit and credit to additional paid-in capital as a stock issuance cost.
	In connection with the closing of the 2012 Private Placement, the Company entered into a registration rights agreement with the investors.   The Company filed a registration statement with the SEC on December 21, 2012 providing for the resale of the shares and the warrant shares issued to the investors, which registration statement was declared effective by the SEC on December 31, 2012.

2013_PRIVATE_PLACEMENT

2013 PRIVATE PLACEMENT	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
2013 PRIVATE PLACEMENT	'
	On September 18, 2013, the Company conducted a private placement offering and raised aggregate gross proceeds of $4,057,884 upon the sale of 5,226,201 shares of Series B Preferred Stock (the “2013 Private Placement”).  For each share of Series B Preferred Stock purchased, the investors received 1.331 five-year warrants to purchase a share of the Company’s common stock at an exercise price of $0.83 per share.  Gross proceeds included cash payments of $547,500, 1,230,769 shares of freely tradable equity securities with a fair value of $3,495,385 (based upon the closing price on the day prior to closing), and satisfaction of $15,000 of deferred compensation. Net cash proceeds amounted to $478,185 after deducting offering expenses.
	In conjunction with the 2013 Private Placement, $275,000 of the Company’s outstanding short-term notes payable was exchanged by the holders for 378,125 shares of Series B Preferred Stock (See Note 4).  The short-term notes payable were exchanged at a 10% premium to their face value.  As a result, the Company recognized a beneficial conversion feature of $27,500 as additional paid-in capital and non-cash interest expense upon the exchange of the notes payable for the shares. The Company may conduct additional closings under the securities purchase agreement within 120 days of the initial closing.
	The placement agents for the 2013 Private Placement received cash fees aggregating $41,300 and five-year placement agent warrants to purchase an aggregate of 78,612 shares of the Company’s common stock at an exercise price per share of $0.83.  At September 30, 2013, the fair value of the placement agent warrants was approximately $22,000.
	Based upon the Company’s analysis of the criteria contained in ASC Topic 815-40, “Derivatives and Hedging—Contracts in Entity’s Own Equity” (“ASC Topic 815-40”), the Company has determined that since the exercise price of the warrants may be reduced if the Company issues shares at a price below the then-current exercise price, the warrants issued in connection with the 2013 Private Placement must be classified as derivative instruments. In accordance with ASC Topic 815-40, these warrants are also being re-measured at each balance sheet date based on estimated fair value, and any resultant changes in fair value is being recorded in the Company’s consolidated statement of operations. The Company estimates the fair value of certain warrants being classified as derivatives using a binomial pricing model in order to determine the associated derivative instrument liability and change in fair value described above. The primary assumptions used to determine the fair value of the warrants were: a risk free interest rate of 1.4%, volatility of 61.7%, exercise price of $0.83, current market value of $0.62 per share and an expected life of 5 years. The primary underlying risk exposure pertaining to the warrants is the change in fair value of the underlying common stock for each reporting period.  At September 30, 2013, the fair value of the warrants issued in connection with the 2013 Private Placement, including those warrants granted to placement agents, totaled $2,150,084. The fair value of the placement agent warrants, approximately $22,000 on the date of grant, was also recorded as a derivative warrant liability and a stock issuance cost net against the gross proceeds received.
	In order to account for the sale of Series B Preferred Stock and the issuance of the warrants, the Company allocated the total gross proceeds of $4,360,384, which included the dollar value of notes payable exchanged at a 10% premium, between the Series B Preferred Stock and the warrants.  The warrants were allocated their fair value as of the respective grant dates totaling $2,183,161 and the residual proceeds of $2,177,223 were allocated to the Series B Preferred Stock.  The conversion feature of the Series B Preferred Stock was considered beneficial, or “in the money”, at the issuance date due to a conversion rate that allows the investor to obtain the common stock at a below market price.  The Company recorded a deemed dividend on the beneficial conversion feature of $1,353,503 equal to the intrinsic value resulting from the reduction in the effective conversion rate. This deemed dividend is included in the Statement of Operations in arriving at the Net Loss Applicable to Common Shareholders.
	In connection with the closing of the 2013 Private Placement, the Company entered into a registration rights agreement with the investors, in which the Company agreed to file a registration statement with the SEC to register for resale the shares underlying the Series B Preferred Stock and the warrant shares within 60 calendar days of the final closing of the 2013 Private Placement, and to have the registration statement declared effective within 60 calendar days after the filing date or within 120 calendar days of the filing date in the event of a full review of the registration statement by the SEC. The registration rights agreement does not contain any provisions for liquidated damages.

SHORTTERM_NOTES_PAYABLE

SHORT-TERM NOTES PAYABLE	9 Months Ended
	Sep. 30, 2013
Short-Term Notes Payable	'
Short-Term Notes Payable	'
	During the nine months ended September 30, 2013, the Company entered into separate note purchase agreements with investors for the sale and issuance of promissory notes in the aggregate principal amount of $330,000 (the “Notes”).
	The Notes bear interest at the rate of 10% per annum, and mature six months from the date of issuance.  The Notes contain customary default provisions and provide that 110% of the principal amount of the Notes shall be exchanged by the investor into securities offered in a subsequent financing consummated by the Company prior to the maturity date of the Notes.  As of September 30, 2013, $275,000 of the outstanding Notes were exchanged for 378,125 shares of Series B Preferred Stock and 503,284 warrants (see Note 3).
	As of September 30, 2013, the Company has accrued $6,024 in interest on the Notes and incurred approximately $15,000 in costs related to issuing the Notes.  These costs are included in interest and other expense in the accompanying condensed consolidated statements of operations for the three and nine months ended September 30, 2013.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
COMMITMENTS AND CONTINGENCIES	'
	License Agreements
	The Company has one exclusive technology license with Massachusetts General Hospital (MGH) which consists of three of its cardiac imaging licenses. The license requires the Company to meet certain obligations, including, but not limited to, meeting certain development milestones relating to clinical trials and filings with the FDA. MGH has the right to cancel or make non-exclusive certain licenses on certain patents should the Company fail to meet stipulated obligations and milestones.  In accordance with the terms of the license, the Company is required to pay MGH an annual license maintenance fee of $30,000.  Additionally, upon commercialization, the Company is required to make specified milestone payments and royalties on commercial sales.
	The Company is current with all stipulated obligations and milestones under the cardiac imaging license agreement and the agreement remains in full force and effect. The Company believes that it maintains a good relationship with MGH and will be able to obtain waivers or extension of its obligations under the license agreement, should the need arise. If MGH were to refuse to provide the Company with a waiver or extension of any of its obligations or were to cancel or make the license non-exclusive, this would have a material adverse impact on the Company as it may be unable to commercialize products without exclusivity and would lose its competitive edge for portions of the patent portfolio.
	All of the Company’s other license agreements stipulate certain annual license fees and development milestone payments in addition to royalty payments upon commercialization.
	Clinical Research Services Agreement
	On September 7, 2012, the Company entered into a Clinical Research Services Agreement (“CRS Agreement”) with SGS Life Science Services (“SGS”), a company with its registered offices in Belgium, for clinical research services relating to the Company’s CardioPET Phase II study to assess myocardial perfusion and fatty acid uptake in coronary artery disease (CAD) patients. The phase II trial will be an open label trial designed to assess the safety and diagnostic performance of CardioPET as compared to stress echocardiography, myocardial perfusion imaging and angiography as a gold standard of background disease. Two trial sites are planned in Belgium and are expected to be concluded in the second half of 2014.
	In March 2012 the Company had signed a Letter of Intent (“LOI”) that provided for the pre-payment of $290,271 for start-up services.  The CRS Agreement provides for additional payments of $346,234 to SGS subject to a schedule of milestones relating to the progress of the clinical trial. Immediately before entry into the LOI, the Company engaged FGK Representative Service GmbH to serve as the Company’s sponsor in compliance with the laws governing clinical trials conducted in the European Union.  On February 28, 2013, the Company announced that the Phase II trial had begun and released the initial data and images from the trial.
	Executive Employment Contracts
	The Company has an employment agreement with its chief executive officer that provides for the continuation of salary and the grant of certain options to the executive if terminated for reasons other than for cause, as defined in that agreement.
	Operating Lease Commitment
	In July 2011, the Company entered into a three-year lease for office space, which commenced May 1, 2012 and expires on April 30, 2015. The annual minimum lease payments over this three-year period for this office space are $45,600 per year plus common area costs. In conjunction with this agreement, the Company paid $5,700 as a security deposit and an additional $25,171 for leasehold improvements. The future minimum lease payments through April 30, 2015 are as follows:
	Year ending December 31, 2013	$	45,600
	2014		45,600
	2015		15,200
		$	106,400
	Rent expense was $23,573, $52,204 and $311,009 for the nine months ended September 30, 2013 and 2012 and the period from inception to September 30, 2013, respectively.
	Legal Contingencies
	On July 16, 2013, Todd Nelson, as plaintiff, served Fluoropharma Medical, Inc. with process in the matter captioned, Todd Nelson v. Fluoropharma Medical, Inc.; and  Does 1 through 10,  No. 13 CV 01152 JAD CWH, which is pending before the United States District Court for the District of Nevada.  In this action, the plaintiff alleged that he suffered damages attributable to the Company’s refusal to honor certain stock options after February 28, 2012. Plaintiff seeks at least $325,200 in damages, as well as punitive and exemplary damages, prejudgment interest, and costs.   On August 16, 2013, the Company filed a motion to dismiss the complaint.  This motion has been fully briefed and the Company is presently awaiting the court’s ruling on this motion. Management, with its external legal counsel, intends to vigorously defend these matters. Management believes that it has meritorious defenses in all such matters, and accordingly, no accrual has been recorded for these matters as of September 30, 2013.
	The Company is not aware of any other material, active, pending or threatened proceeding, nor is the Company, or any subsidiary, involved as a plaintiff or defendant in any other material proceeding or pending litigation.

CAPITAL_STOCK

CAPITAL STOCK	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
CAPITAL STOCK	'
	Series A Preferred Stock
	The Company is authorized to issue 100,000,000 shares of preferred stock, $0.001 par value; 3,500,000 shares have been designated Series A Preferred Stock. At September 30, 2013 and December 31, 2012, 2,234,673 and 2,126,574 shares of Series A Preferred Stock, respectively, were issued and outstanding.
	Significant terms of the Series A Preferred Stock, as specified in the Company’s Certificate of Designation for the Series A Preferred Stock are as follows:
	Conversion
	Each share of Series A Preferred Stock may, at the holder’s option, convert into common stock.  The conversion rate is equal to the sum of the stated value of the Series A Preferred Stock, which is $0.83 per share, plus all accrued and unpaid dividends, divided by the conversion price.  As a result of the issuance of the Series B Preferred Stock pursuant to the 2013 Private Placement, the conversion price of the Series A Preferred Stock was reduced from $0.83 to $0.77. Subject to the specified provisions, the Series A Preferred Stock will automatically convert into common stock at the conversion price on the mandatory conversion date, which is defined as the first date at least six (6) months after the issuance of the Series A Preferred Stock on which each of the following conditions shall have been satisfied: (i) the Company shall have consummated, a qualified financing for aggregate gross proceeds to the Company of $7,000,000, (ii) the volume weighted average trading price for the Company’s common stock for each day on thirty (30) consecutive trading days immediately preceding such date, must be above $1.50 and the trading volume over that period must exceed 1,500,000 shares, and (iii) as of such date, all shares of common stock issuable upon conversion of the Series A Preferred Stock are registered under the Securities Act of 1933, as amended (the “Act”) pursuant to an effective registration statement or are otherwise eligible for sale under Rule 144 under the Act.  As of September 30, 2013, no mandatory conversion has taken place as all of the conditions required for such mandatory conversion have not occurred.
	Dividends
	(a) Cumulative Preferred Dividends.  Each holder of the Series A Preferred Stock shall be entitled to receive cash dividends payable on the stated value of the Series A Preferred Stock at a rate of 10% per annum which shall be cumulative and accrue daily from the original issuance date; provided however, if either (i) the Company shall not have consummated a qualified financing with aggregate gross proceeds to the Company of $7,000,000 on or before June 30, 2012, or (ii) for any reason, any shares of common stock issuable upon conversion of the Series A Preferred Stock are not registered pursuant to an effective registration statement on or before June 30, 2012 or are not otherwise eligible for sale under Rule 144 of the Act, then, effective July 1, 2012, the rate of dividends on the Series A Preferred Stock shall increase to 12% per annum.  As of June 30, 2012, both of the above conditions have been met by the Company and accordingly, the rate of dividends on the Series A Preferred Stock remains at 10% per annum.
	(b) Payment of Dividends.  The Company shall be required to pay all accrued and unpaid dividends (whether or not declared) in respect of the Series A Preferred Stock semi-annually on each June 30 and December 31 of each calendar year.  All such dividends shall be paid in cash; provided, that, at the option of the Company, the Company may pay any accrued and unpaid dividends on the Series A Preferred Stock in the form of additional shares of Series A Preferred Stock, with each share of Series A Preferred Stock being valued for this purpose at the stated value in effect on the date of payment.
	For the nine months ended September 30, 2013, the Company accrued a Series A Preferred Stock dividend of $137,060 and issued 108,099 shares of Series A Preferred Stock in payment of such dividends.  For the year ended December 31, 2012, the Company accrued a Series A Preferred Stock dividend of $167,945 and issued 202,344 shares of Series A Preferred Stock in payment of such dividends.
	Liquidation preference
	In the event of liquidation, dissolution or winding up of the business of the Company, whether voluntary or involuntary, each holder of Series A Preferred Stock shall be entitled to receive, for each share thereof, out of assets of the Company legally available therefor, a preferential amount in cash, per share of Series A Preferred Stock, equal to (and not more than) the sum of the (x) stated value, plus (y) all accrued and unpaid dividends thereon.  All preferential amounts to be paid to the holders of Series A Preferred Stock in connection with such liquidation, dissolution or winding up shall be paid before the payment or setting apart for payment of any amount for, or the distribution of any assets of the Company to the holders of the Company's Common Stock.  If upon any such distribution the assets of the Company shall be insufficient to pay the holders of the outstanding shares of Series A Preferred Stock the full amounts to which they shall be entitled, such holders shall share ratably in any distribution of assets in accordance with the sums which would be payable on such distribution if all sums payable thereon were paid in full.
	Voting
	The holders of the Series A Preferred Stock have the right to one vote for each share of common stock into which such Series A Preferred Stock could then convert.
	Series B Preferred Stock
	The Company is authorized to issue 100,000,000 shares of preferred stock, $0.001 par value; 12,000,000 shares have been designated Series B Preferred Stock. At September 30, 2013 and December 31, 2012, 5,604,326 and 0 shares of Series B Preferred Stock were issued and outstanding.
	Significant terms of the Series B Preferred Stock, as specified in the Certificate of Designation for the Series B Preferred Stock are as follows:
	Ranking
	The Series B Preferred Stock will rank junior to the Company’s Series A Preferred Stock and senior to the Company’s common stock with respect to distributions of assets upon the liquidation, dissolution or winding up of the Company.
	Stated Value
	Each share of Series B Preferred Stock will have a stated value of $0.80, subject to adjustment for stock splits, combinations and similar events.
	Dividends
	Cumulative dividends on the Series B Preferred Stock accrue at the rate of 10% of the stated value per annum, compounded annually, from and after the date of the initial issuance through the third anniversary of the issuance date; provided, however, that any holder of at least 4,500,000 shares of Series B Preferred Stock after the issuance date and prior to October 1, 2013 (a “Major Holder”) will be entitled to accrued dividends through the fourth anniversary of the issuance date (as applicable, the “Accrual Period”).  Accrued dividends are payable upon the earliest to occur of (i) the third anniversary of the issuance date (or, with respect to the Major Holder, the fourth anniversary of the issuance date), (ii) mandatory conversion (as described below) and (iii) an automatic conversion upon a fundamental transaction (as such term is defined in the Certificate of Designation) or triggering event (as described below).  Dividends are payable in Series B Preferred Stock valued at the stated value, or in cash upon the mutual agreement of the Company and the holder.
	For the nine months ended September 30, 2013, the Company accrued a Series B Preferred Stock dividend of $7,418.
	Liquidation Preference
	If the Company voluntarily or involuntarily liquidates, dissolves or winds up its affairs, each holder of the Series B Preferred Stock will be entitled to receive out of the Company’s assets available for distribution to stockholders, after satisfaction of liabilities to creditors, if any, and payments due to holders of the Series A Preferred Stock but before any distribution of assets is made on the Company’s common stock or any of our other shares of stock ranking junior as to such a distribution to the Series B Preferred Stock, a liquidating distribution in the amount in the amount of the stated value of all such holder’s Series B Preferred Stock plus all accrued and unpaid dividends thereon.
	Voluntary Conversion
	Each share of Series B Preferred Stock will be convertible at the holder’s option into the Company’s common stock in an amount equal to the stated value plus accrued and unpaid dividends thereon through the conversion date divided by the then applicable conversion price. The initial conversion price is $0.80 per share and is subject to customary adjustments for issuances of shares of common stock as a dividend or distribution on shares of the common stock, or mergers or reorganizations, as well as “full-ratchet” anti-dilution adjustments for future issuances of other Company securities.
	Mandatory Conversion
	The Series B Preferred Stock is subject to mandatory conversion at such time as the volume weighted average price of the Company’s common stock is at least $1.20 (subject to adjustments for stock splits and similar events) provided, that, on the mandatory conversion date, (A) a registration statement providing for the resale of the shares underlying the Series B Preferred Stock is effective, or such shares may be offered for sale to the public without limitations pursuant to Rule 144 (B) trading in the common stock shall not have been suspended by the SEC or exchange or market on which the common stock is trading, (C) the daily volume of the common stock is at least 50,000 shares per day for the applicable ten (10) consecutive trading days, and (D) the Company is in material compliance with the  terms and conditions of the transaction documents. In the event of mandatory conversion, each share of Series B Preferred Stock will convert into the number of shares of common stock equal to the stated value plus accrued and unpaid dividends for the Accrual Period divided by the conversion price.
	Holders also have the option to convert their Series B Preferred Stock upon the occurrence of a fundamental transaction or one of the following triggering event: Johan (Thijs) Spoor ceases to be the chief executive officer of the Company; or there is a change in three of the five current members of the Company’s board of directors, such conversion to be on the same terms as a mandatory conversion.
	Voting Rights
	The holders of the Series B Preferred Stock will be entitled to vote upon all matters upon which holders of common stock have the right to vote, such votes to be counted together with all other shares of capital stock having general voting powers and not separately as a class. The holders of the Series B Preferred Stock will be entitled to the number of votes equal to the number of common stock into which the Series B Preferred Stock are then convertible.
	In addition, as long as at least 25% of the Series B Preferred Stock remains outstanding, the Company will not, without the affirmative vote or consent of the holders of at least a majority of the outstanding Series B Preferred Stock, voting as a separate class, (i) amend, waive or repeal (including through a merger, consolidation or similar event) any provision of the Company’s articles of incorporation or by-laws in any manner that adversely affects the rights of the holders of the Series B Preferred Stock; (ii) alter or change adversely the preferences, rights, privileges, or restrictions of the Series B Preferred Stock; (iii) authorize or create any class or series of stock having rights, preferences or privileges in any respect senior to the Series B Preferred Stock; or (iv) reclassify, alter or amend any existing class or series of stock, if such reclassification, alteration or amendment would render such other class or series of stock as having rights, preferences or privileges in any respect senior to the Series B Preferred Stock.
	Common Stock
	The Company has authorized 200,000,000 shares of its common stock, $0.001 par value, per share.  At September 30, 2013 and December 31, 2012, the Company had issued and outstanding 24,390,013 and 24,330,013, respectively, shares of its common stock.
	In March 2012, the Company issued 130,000 shares of common stock, valued at $0.85 per share, for services performed pursuant to a consulting agreement.  In September 2012, the Company issued 70,000 shares of common stock to employees, valued at $1.00 per share, for compensation.  The total fair value of these shares, $180,500, is included in 2012 operating expenses.  In November 2012, the Company issued 1,819,119 shares of common stock, valued at $0.85 per share, in conjunction with a private placement (see Note 2).
	During the nine months ended September 30, 2013, the Company issued 60,000 shares of common stock for services performed pursuant to a consulting agreement.  The total fair value of these shares, $45,550, is included in operating expenses.

STOCK_PURCHASE_WARRANTS

STOCK PURCHASE WARRANTS	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
STOCK PURCHASE WARRANTS	'
	Common Stock Warrants
	During the nine months ended September 30, 2013, the Company issued 7,459,358 common stock warrants to investors and 78,612 common stock warrants to the placement agents in connection with the 2013 Private Placement (see Note 3). All issuances of common stock warrants during the nine months ended September 30, 2013 were related to the 2013 Private Placement.
	The following is a summary of all common stock warrant activity through September 30, 2013:
			Number of Shares				Exercise Price				Weighted
			Under Warrants				Share Per Share				Average Exercise Price
	Warrants issued and exercisable at December 31, 2012			7,404,562			$	0.50 - $1.33			$	1.08
	Warrants Granted			7,537,970			$	0.83			$	0.83
	Warrants Expired			(86,250)			$	0.95			$	0.95
	Warrants issued and exercisable at September 30, 2013			14,856,282			$	0.50 - $1.33			$	0.95
	During the year ended December 31, 2012, the Company issued an aggregate of 320,000 common stock warrants to non-employees for consulting services.  The fair value of the warrants, determined using a Black-Scholes option pricing model, was approximately $134,000 and is included in general and administrative expenses in the accompanying consolidated statements of operations for the year ended December 31, 2012.
	In June 2012, the Company exchanged 277,500 common stock options for 277,500 common stock warrants with the same terms resulting in no incremental fair value to be recorded by the Company.
	In connection with the 2012 Private Placement, the Company issued 1,819,119 common stock warrants to investors and 181,912 common stock warrants to the placement agent.
	The following represents additional information related to common stock warrants outstanding and exercisable at September 30, 2013:
	Outstanding warrants accounted for as derivative warrant liability:
	Exercise Price				Number of Shares				Weighted Average Remaining Contract				Weighted Average
					Under Warrants				Life in Years				Exercise Price
	$	0.83				7,537,970				4.86			$	0.83
	Outstanding warrants accounted for as equity:
	Exercise Price				Number of Shares				Weighted Average Remaining Contract				Weighted Average
					Under Warrants				Life in Years				Exercise Price
	$	0.5				277,500				0.55			$	0.5
	$	0.83				1,041,028				1.91			$	0.83
	$	0.84				20,000				2.84			$	0.84
	$	0.85				281,912				3.82			$	0.85
	$	0.9				1,819,119				0.14			$	0.9
	$	0.95				20,000				3.01			$	0.95
	$	1				426,417				5.6			$	1
	$	1.33				3,432,336				1.75			$	1.33
	Total warrants accounted for as equity					7,318,312				1.64			$	1.08
	Total for all warrants outstanding					14,856,282				3.27			$	0.95
	The Company used the Black-Scholes option price calculation to value the warrants granted in 2013 that are recorded as equity using the following assumptions: risk-free rate of 2.64, volatility ranging from 61.7% to 62.2%; actual term and exercise price of warrants granted.  The Company used a binomial option pricing model to value the warrants granted in 2013 that are recorded as a liability (see Note 3).

COMMON_STOCK_OPTIONS

COMMON STOCK OPTIONS	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
COMMON STOCK OPTIONS	'
	On February 11, 2011, the Company adopted its 2011 Equity Incentive Plan (the “Plan”) under which 6,475,750 shares of common stock were reserved for issuance under options or other equity interests as set forth in the Plan. Under the Plan, options are available for issuance to employees, officers, directors, consultants and advisors. The Plan provides that the Board of Directors will determine the exercise price and vesting terms of each option on the date of grant. Options granted under the Plan generally expire ten years from the date of grant.
	Under the Plan, the Company has issued 161,250 shares of fully paid and non-assessable restricted common stock to a director of the Company.  These shares of restricted stock are subject to the terms of the Plan and are unvested and outstanding as of September 30, 2013.  The shares shall vest upon the earlier of (i) the occurrence of a Change of Control, as defined in the Plan, (ii) the successful completion of a Phase II clinical trial for any of the Company’s products, or (iii) the determination by the Board of Directors to provide for immediate vesting.  The weighted average grant-date fair value is $0.83 per share.
	The following is a summary of all common stock option activity for the quarter ended September 30, 2013:
		Shares Under		Weighted Average
		Options Outstanding		Exercise Price
	Outstanding at December 31, 2012		4,035,428	$	0.66
	Options granted		515,000	$	0.83
	Options forfeited		13,500	$	0.95
	Options exercised		-	$	-
	Outstanding at September 30, 2013		4,536,928	$	0.68
		Options Exercisable		Weighted Average Exercise
				Price per Share
	Exercisable at December 31, 2012		2,294,053	$	0.66
	Exercisable at September 30, 2013		2,580,553	$	0.68
	The weighted average fair value of options granted during the nine months ended September 30, 2013 was $0.48.
	As of September 30, 2013, the weighted average remaining contractual term for exercisable and outstanding options is 5.75 and 6.80 years, respectively.  The aggregate intrinsic value of all of the Company’s exercisable and outstanding options is approximately $371,400 and $479,400, respectively.
	As of September 30, 2013, there was approximately $797,000 of unrecognized compensation cost related to non-vested options. The unrecognized compensation expense is estimated to be recognized over a period of 1.38 years at September 30, 2013.
	The Company used the Black-Scholes option pricing model to value the all option grants (see Note 1, Summary of Significant Accounting Policies, “Accounting for Share Based Payments”).

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
SUBSEQUENT EVENTS	'
	The Company evaluated events occurring subsequent to September 30, 2013, identifying those that are required to be disclosed as follows:
	As of October 31, 2013, the Company received gross proceeds of $1.1 million from the sale of a portion of the freely tradable securities received as consideration in the 2013 Private Placement. On October 31, 2013, the closing price per share of such securities was $2.00.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2013
Summary Of Significant Accounting Policies Policies	'
Basis of Presentation	'
	The accompanying unaudited condensed consolidated financial statements of FluoroPharma Medical, Inc. and Subsidiary have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and the rules and regulations of the U.S. Securities and Exchange Commission (the "SEC").  Accordingly, the unaudited condensed consolidated financial statements do not include all information and footnotes required by U.S. GAAP for complete annual financial statements.  In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of only normal recurring adjustments, considered necessary for a fair presentation.  Certain prior year amounts in the condensed consolidated financial statements and notes thereto have been reclassified to conform to the current period’s presentation.  Interim operating results are not necessarily indicative of results that may be expected for the year ending December 31, 2013 or for any other interim period.  The unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements of the Company and the notes thereto as of and for the year ended December 31, 2012, as included in the Company's Form 10-K filed with the SEC on March 28, 2013.
	As of September 30, 2013, the Company has not generated any revenues from its products and is therefore still considered to be a development stage company as defined in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 915 “Development Stage Entities”. The Company is devoting substantially all of its present efforts to research and development of commercially viable products that meet the standards of and are approved by the United States Food and Drug Administration (“FDA”), raising capital and attracting qualified advisors and personnel to further advance the Company’s goals. The Company has not commenced its planned principal operations, has not generated any revenues from operations and has no assurance of any future revenues. All losses accumulated since incorporation on June 13, 2003 have been considered as part of the Company's development stage activities.
Cash and Cash Equivalents	'
	The Company considers all highly liquid investments with maturities of three months or less from the date of purchase to be cash equivalents. All cash balances were highly liquid at September 30, 2013 and December 31, 2012.
Use of Estimates	'
	The accompanying consolidated financial statements are prepared in conformity with U.S. GAAP, and include certain estimates and assumptions which affect the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period, including contingencies. Accordingly, actual results may differ from those estimates.
Concentration of Risks	'
	Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash and cash equivalents and investments. The Company primarily maintains its cash balances with financial institutions in federally insured accounts.  The Company may from time to time have cash in banks in excess of FDIC insurance limits.  The Company has not experienced any losses to date resulting from this practice.  The Company’s investments in trading securities are comprised of a single investment in a publicly traded stock and as of September 30, 2013 the Company has recorded an unrealized loss related to that stock’s decline in value of $232,859.
Principles of Consolidation	'
	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, FluoroPharma, Inc.  Intercompany transactions and balances have been eliminated upon consolidation.
Property and Equipment	'
	Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The Company’s property and equipment at September 30, 2013 and December 31, 2012 consisted of computer and office equipment and machinery and equipment, and leasehold improvements with estimated useful lives of three to five years.  Depreciation and amortization was $18,420, $18,453 and $274,208 in the periods ended September 30, 2013, December 31, 2012 and the period from inception to September 30, 2013, respectively.  At September 30, 2013, included in Property and Equipment was idle equipment with a carrying value of $128,245 purchased by the Company for use in future clinical trials.
Intangible Assets	'
	The Company’s intangible assets consist of technology licenses and are carried at the legal cost to obtain them. Intangible assets are amortized using the straight line method over their estimated useful life of 15 years.
Impairments	'
	The Company assesses its long-lived assets, including intangible assets, for possible impairment whenever events or changes in circumstances indicate that their carrying value may not be recoverable in accordance with ASC Topic 360-10-35, “Impairment or Disposal of Long-Lived Assets.” The determination of related estimated useful lives and whether or not these assets are impaired involves significant judgments, related primarily to the future profitability and/or future value of the assets. The Company records an impairment charge if it believes an investment has experienced a decline in value that is other than temporary.
	Management has determined that no impairments had occurred as of September 30, 2013 or December 31, 2012.
Derivative Financial Instruments	'
	The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the consolidated statements of operations. For stock-based derivative financial instruments, the Company uses a binomial  pricing model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period.  Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.
	The Company has derivative liabilities at September 30, 2013 relating to certain warrants issued in 2013 that contain anti-dilution provisions.
Fair Value of Financial Instruments	'
	The Company's financial instruments primarily consist of cash, cash equivalents, trading securities, short-term notes payable and accounts payable. The fair value of these financial instruments is calculated using current market prices, or on a historical cost basis, which, due to the short maturity of these financial instruments, approximates the fair value at the reporting dates of these financial statements.
	The Company groups its assets and liabilities measured at fair value, in three levels based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value.  Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price).
	Financial instruments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.
	The three levels of the fair value hierarchy are as follows:
	Level 1 – Valuation is based on quoted prices in active markets for identical assets or liabilities.  Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities.
	Level 2 – Valuation is based on observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
	Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.  Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.
	In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy.  In such cases, an instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.  The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the financial instrument.
	The Company recognizes transfers between levels at the end of the reporting period as if the transfers occurred on the last day of the reporting period.
	Assets and liabilities measured at fair value on a recurring basis are summarized below:
		30-Sep-13
		Level 1				Level 2			Level 3		Fair Value
	Current Assets:
	Trading securities	$	3,247,758			$	--		$	—	$3,247,758
	Current Liabilities:
	Derivative warrant liability	$	-			$	--		$	2,150,084	$2,150,084
	There were no assets or liabilities measured at fair value on a recurring basis at December 31, 2012.
	The following table sets forth the changes in the estimated fair value for our Level 3 classified derivative warrant liability:
		Nine Months Ended			Nine Months Ended
		30-Sep-13			30-Sep-12
	Fair value at beginning of period	$	-		$	-
	Issuance of derivative warrant liability		2,205,660			-
	Change in fair value		-55,576			-
	Fair value at end of period	$	2,150,084		$	-
Income Taxes	'
	The Company uses the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of the existing assets and liabilities and the respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be realized or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in results of operations in the period that the tax rate change occurs. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.
	The Company accounts for uncertain tax positions in accordance with FASB ASC Topic 740-10, Accounting for Uncertainty in Income Taxes.  Income tax positions must meet a more-likely-than-not threshold in order to be recognized in the financial statements. There were no recognized uncertain tax positions at September 30, 2013 and December 31, 2012.  The Company recognizes potential accrued interest and penalties related to unrecognized tax benefits within operations as income tax expense.  As new information becomes available, the assessment of the recognition threshold and the measurement of the associated tax benefit of uncertain tax positions may result in financial statement recognition or de-recognition.  The Company had no accrual for interest or penalties on its balance sheets at September 30, 2013 or December 31, 2012, and has not recognized interest and/or penalties in the statement of operations for the periods ended September 30, 2013 and December 31, 2012.   Further, the Company currently has no open tax years, subject to audit prior to December 31, 2009.
Accounting for Share-Based Payments	'
	The Company follows the provisions of ASC Topic 718, which establishes the accounting for transactions in which an entity exchanges equity securities for services and requires companies to expense the estimated fair value of these awards over the requisite service period. The Company uses the Black-Scholes option pricing model in determining fair value. Accordingly, compensation cost has been recognized using the fair value method, which resulted in employee stock-based compensation expense for the nine months ended September 30, 2013 and 2012 of $371,912 and $265,354, respectively, and $3,056,859 for the period from June 13, 2003 (inception) to September 30, 2013.
	The Company accounts for share-based payments granted to non-employees in accordance with ASC Topic 505, “Equity Based Payments to Non-Employees.” The Company determines the fair value of the stock-based payment as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable.  If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of either (1) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached, or (2) the date at which the counterparty’s performance is complete.
	To compute compensation expense, the Company estimated the fair value of each option award on the date of grant using the Black-Scholes option pricing model for employees, and calculated the fair value of each option award at the end of the period for non-employees.  The Company based the expected volatility assumption on a volatility index of peer companies as the Company did not have sufficient historical market information to estimate the volatility of its own stock.  The expected term of options granted represents the period of time that options are expected to be outstanding.  The Company estimated the expected term of stock options by using the simplified method. The expected forfeiture rates are based on the historical employee forfeiture experiences.  To determine the risk-free interest rate, the Company utilized the U.S. Treasury yield curve in effect at the time of grant with a term consistent with the expected term of the Company’s awards.  The Company has not declared a dividend on its common stock since its inception and has no intentions of declaring a dividend in the foreseeable future and therefore used a dividend yield of zero.
	The fair value of each share-based payment is estimated on the measurement date using the Black-Scholes model with the following assumptions:
		2013				2012
	Risk-free interest rate		2.61	%			2.42	%
	Expected volatility		61.67	%			77.7	%
	Dividend yield	none				none
	Expected term	6 years				5 years
Net Loss per Common Share	'
	The Company computes net loss per common share in accordance with ASC Topic 260. Net loss per share is based upon the weighted average number of outstanding common shares and the dilutive effect of common share equivalents, such as options and warrants to purchase common stock, and convertible notes, if applicable, that are outstanding each year.
	Basic and diluted earnings per share were the same for all periods presented as including common stock equivalents in the calculation of diluted earnings per share would have been antidilutive. As of September 30, 2013, the Company had outstanding options exercisable for 4,536,928 shares of its common stock, warrants exercisable for 14,856,282 shares of its common stock, series A preferred stock (the “Series A Preferred Stock”) convertible into 2,296,216 shares of common stock, and series B preferred stock (the “Series B Preferred Stock”) convertible into 5,613,599 shares of common stock.  At September 30, 2012, the Company had outstanding options exercisable for 4,353,428 shares of its common stock, and warrants exercisable for 5,243,531 shares of common stock, and Series A Preferred Stock convertible into 2,073,792 shares of common stock.
Research and Development Costs	'
	Research and development costs are expensed as incurred.
Reclassification	'
	Certain items in the 2012 financial statements have been reclassified to conform to the current year presentation.
Segment Reporting	'
	The Company has determined that it operates in only one segment currently, which is biopharmaceutical research and development.
Recent Accounting Pronouncements	'
	Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.
Going concern	'
	The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  The Company has experienced net losses and negative cash flows from operations since its inception.  The Company has sustained cumulative losses of $21,580,114 as of September 30, 2013.  The Company has historically financed its operations through issuances of equity and the proceeds of debt instruments. In the past, the Company has also provided for its cash needs by issuing common stock, options and warrants for certain operating costs, including consulting and professional fees.
	The Company continues to actively pursue various funding options, including equity offerings, to obtain additional funds to continue the development of its products and bring them to commercial markets. Management continues to assess fund raising opportunities to ensure minimal dilution to its existing shareholder base and to obtain the best price for its securities. There can be no assurance that we will be able to consummate any fund raising transactions on terms acceptable to us or at all or in the time frames we anticipate.  If the Company is unable to raise additional capital as may be needed to meet its operating expenses, it could have a material adverse effect on liquidity or require the Company to cease or significantly delay some of its clinical trials.  These financial statements do not include any adjustments relating to the recoverability of recorded asset amounts that might be necessary as a result of the above uncertainty.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2013
Summary Of Significant Accounting Policies Tables	'
Fair value of financial instruments	'
		30-Sep-13
		Level 1				Level 2			Level 3		Fair Value
	Current Assets:
	Trading securities	$	3,247,758			$	--		$	—	$3,247,758
	Current Liabilities:
	Derivative warrant liability	$	-			$	--		$	2,150,084	$2,150,084
Fair value of Level 3 financial instruments	'
		Nine Months Ended			Nine Months Ended
		30-Sep-13			30-Sep-12
	Fair value at beginning of period	$	-		$	-
	Issuance of derivative warrant liability		2,205,660			-
	Change in fair value		-55,576			-
	Fair value at end of period	$	2,150,084		$	-
Accounting for Share-Based Payments	'
		2013				2012
	Risk-free interest rate		2.61	%			2.42	%
	Expected volatility		61.67	%			77.7	%
	Dividend yield	none				none
	Expected term	6 years				5 years

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2013
Commitments And Contingencies Tables	'
COMMITMENTS AND CONTINGENCIES	'
	Year ending December 31, 2013	$	45,600
	2014		45,600
	2015		15,200
		$	106,400

STOCK_PURCHASE_WARRANTS_Tables

STOCK PURCHASE WARRANTS (Tables)	9 Months Ended
	Sep. 30, 2013
Stock Purchase Warrants Tables	'
Common stock warrant activity	'
			Number of Shares				Exercise Price				Weighted
			Under Warrants				Share Per Share				Average Exercise Price
	Warrants issued and exercisable at December 31, 2012			7,404,562			$	0.50 - $1.33			$	1.08
	Warrants Granted			7,537,970			$	0.83			$	0.83
	Warrants Expired			(86,250)			$	0.95			$	0.95
	Warrants issued and exercisable at September 30, 2013			14,856,282			$	0.50 - $1.33			$	0.95
Common stock warrants outstanding and exercisable	'
	Outstanding warrants accounted for as derivative warrant liability:
	Exercise Price				Number of Shares				Weighted Average Remaining Contract				Weighted Average
					Under Warrants				Life in Years				Exercise Price
	$	0.83				7,537,970				4.86			$	0.83
	Outstanding warrants accounted for as equity:
	Exercise Price				Number of Shares				Weighted Average Remaining Contract				Weighted Average
					Under Warrants				Life in Years				Exercise Price
	$	0.5				277,500				0.55			$	0.5
	$	0.83				1,041,028				1.91			$	0.83
	$	0.84				20,000				2.84			$	0.84
	$	0.85				281,912				3.82			$	0.85
	$	0.9				1,819,119				0.14			$	0.9
	$	0.95				20,000				3.01			$	0.95
	$	1				426,417				5.6			$	1
	$	1.33				3,432,336				1.75			$	1.33
	Total warrants accounted for as equity					7,318,312				1.64			$	1.08
	Total for all warrants outstanding					14,856,282				3.27			$	0.95

COMMON_STOCK_OPTIONS_Tables

COMMON STOCK OPTIONS (Tables)	9 Months Ended
	Sep. 30, 2013
Common Stock Options Tables	'
Common stock option activity	'
		Shares Under		Weighted Average
		Options Outstanding		Exercise Price
	Outstanding at December 31, 2012		4,035,428	$	0.66
	Options granted		515,000	$	0.83
	Options forfeited		13,500	$	0.95
	Options exercised		-	$	-
	Outstanding at September 30, 2013		4,536,928	$	0.68
Common stock options outstanding and exercisable	'
		Options Exercisable		Weighted Average Exercise
				Price per Share
	Exercisable at December 31, 2012		2,294,053	$	0.66
	Exercisable at September 30, 2013		2,580,553	$	0.68

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	Sep. 30, 2013
Trading securities	$3,247,758
Derivative warrant liability	2,150,084
Fair Value, Inputs, Level 1 [Member]	'
Trading securities	3,247,758
Derivative warrant liability	'
Fair Value, Inputs, Level 2 [Member]	'
Trading securities	'
Derivative warrant liability	'
Fair Value, Inputs, Level 3 [Member]	'
Trading securities	'
Derivative warrant liability	$2,150,084

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details1) (Fair Value, Inputs, Level 3 [Member], USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Fair Value, Inputs, Level 3 [Member]	'	'
Fair value at beginning of period	'	'
Issuance of derivative warrant liability	2,205,660	'
Change in fair value	-55,576	'
Fair value at end of period	$2,150,084	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Fair value of each share-based payment is estimated on the following assumptions	'	'
Risk-free interest rate	2.61%	2.42%
Expected volatility	61.67%	77.70%
Dividend yield	'	'
Expected term	'6 years	'5 years

SUMMARY_OF_SIGNIFICANT_ACCOUNT6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended	118 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Sep. 30, 2013
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Depreciation and amortization	'	'	$18,420	'	$18,453	$274,208
Idle equipment carrying value	128,245	'	128,245	'	'	128,245
Intangible assets, useful life	'	'	'15 years	'	'	'
Employee stock-based compensation expense	'	'	371,912	265,354	'	3,056,859
Outstanding options exercisable	2,580,553	'	2,580,553	'	2,294,053	2,580,553
Cumulative losses	-2,510,887	-1,041,717	21,580,114	'	'	'
Unrealized loss relate to trading securities	$232,859	'	$232,859	'	'	$232,859
Common Stock	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Outstanding options exercisable	4,536,926	4,353,428	4,536,926	4,353,428	'	4,536,926
WarrantMember	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Outstanding options exercisable	14,856,282	'	14,856,282	'	5,243,531	14,856,282
Preferred Stock	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Outstanding options exercisable	2,296,216	2,073,792	2,296,216	2,073,792	'	2,296,216
Preferred B [Member]	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Outstanding options exercisable	5,613,599	'	5,613,599	'	'	5,613,599
Computers [Member]	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Property and equipment, estimated useful lives	'	'	'Three to five years	'	'	'
Machinery and equipment [Member]	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Property and equipment, estimated useful lives	'	'	'Three to five years	'	'	'
Leasehold improvements [Member]	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Property and equipment, estimated useful lives	'	'	'Three to five years	'	'	'
Office equipment [Member]	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Property and equipment, estimated useful lives	'	'	'Three to five years	'	'	'

2012_PRIVATE_PLACEMENT_Details

2012 PRIVATE PLACEMENT (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Gross proceeds	$4,057,884	'
Sale of shares of common stock	24,390,013	24,330,013
Warrant price per share	$0.83	'
Net proceeds	478,185	'
Cash fees	41,300	'
Placement agent warrants	78,612	'
Placement agent warrants, price per share	$0.08	'
Fair value of placement agent warrants	22,000	'
Private Placement 2012 [Member]	'	'
Gross proceeds	1,546,250	'
Sale of shares of common stock	1,819,119	'
Stock price per share	$0.85	'
Warrant price per share	$0.90	'
Net proceeds	1,360,572	'
Cash fees	123,700	'
Placement agent warrants	181,912	'
Placement agent warrants, price per share	$0.85	'
Fair value of placement agent warrants	$62,000	'

2013_PRIVATE_PLACEMENT_Details

2013 PRIVATE PLACEMENT (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Gross proceeds	$4,057,884
Warrant price per share	$0.83
Cash payments	547,500
Equity securities	1,230,769
Fair value of equity securities	3,495,385
Deferred compensation expense forgiven	15,000
Net proceeds	478,185
Notes payable exchanged	275,000
Beneficial conversion feature	27,500
Stock issued in exchange for note forgiveness	378,125
Cash fees	41,300
Placement agent warrants	78,612
Placement agent warrants, price per share	$0.08
Fair value of placement agent warrants	$22,000

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Sep. 30, 2013
The future minimum lease payments	'
Year ending December 31, 2013	$45,600
2014	45,600
2015	15,200
Total future miimum lease payments	$106,400

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) (USD $)	9 Months Ended		118 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Commitments and contingencies additional details	'	'	'
Payment of an aggregate compensation to SGS	'	'	$346,234
Amount paid upon execution of the LOI	'	'	290,271
Bonus for key company executive if the Company execute transactions as specified in the contract	1,000,000	'	'
Executive employment contract conditions	'should the Company execute transactions as specified in the contract, including the sale of substantially all of the CompanyBs assets or stock or a merger transaction, any of which resulting in compensation to the CompanyBs stockholders aggregating in excess of $50 million for such transaction	'	'
Lease term for office space	'3 years	'	'
Annual minimum lease payments	45,600	'	45,600
Security deposit for lease	5,700	'	5,700
Leasehold improvements	25,171	'	25,171
Annual license maintenance fee	'	30,000	'
Rent expenses	23,573	52,204	311,009
Plaintiff amount	$325,200	'	'

ShortTerm_Notes_Payable_Detail

Short-Term Notes Payable (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2013
Total note purchase agreements	$330,000
Promissory note exchanged for preferred shares	275,000
Preferred shares issued in exchange for promissory note	378,125
Warrants issued in exchange for promissory note	503,284
Convertible Notes Payable [Member]	'
Interest rate	10.00%
Exchange rate	110.00%
Interest	6,024
Note issuance expenses	$15,000

CAPITAL_STOCK_Details_Narrativ

CAPITAL STOCK (Details Narrative) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock Series A,designated	3,500,000	3,500,000
Preferred stock Series A, par value	$0.00	$0.00
Preferred stock Series A, Issued	2,234,673	2,126,574
Preferred stock Series A, Outstanding	2,234,673	2,126,574
Preferred stock Series B, par value	$0.00	$0.00
Preferred stock Series B, designated	12,000,000	12,000,000
Preferred stock Series B, shares issued	5,604,326	0
Accrued preferred stock dividend	'	$167,945
Preferred Stock issued during year	'	202,344
Common stock, par value	$0.00	$0.00
Common stock, Authorized	200,000,000	200,000,000
Common stock, shares issued	24,390,013	24,330,013
Common stock, outstanding	24,390,013	24,330,013
Common Stock issued for services performed pursuant to a consulting agreemtn	60,000	200,000
Fair Value of shares issued for services	45,550	180,500
Preferred Stock	'	'
Accrued preferred stock dividend	137,060	'
Preferred Stock issued during year	108,099	'
Preferred B [Member]	'	'
Accrued preferred stock dividend	$7,418	'
Consulting Agmt [Member]	'	'
Common stock, shares issued	130,000	'
Common stock, per share	$1	'

STOCK_PURCHASE_WARRANTS_Detail

STOCK PURCHASE WARRANTS (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Number of Shares Under Warrants	'
Warrants Granted	515,000
Weighted Average Exercise Price	'
Warrants Granted	$0.83
WarrantMember	'
Number of Shares Under Warrants	'
Warrants issued and exercisable	7,404,562
Warrants Granted	7,537,970
Warrants Expired	-86,250
Warrants issued and exercisable	14,856,282
Exercise Price Share Per Share	'
Warrants Granted	$0.83
Warrants Expired	$0.95
Weighted Average Exercise Price	'
Warrants issued and exercisable	$1.08
Warrants Granted	$0.83
Warrants Expired	$0.95
Warrants issued and exercisable	$0.95
WarrantMember | Minimum [Member]	'
Exercise Price Share Per Share	'
Warrants issued and exercisable	$0.50
Warrants issued and exercisable	$0.50
WarrantMember | Maximum [Member]	'
Exercise Price Share Per Share	'
Warrants issued and exercisable	$1.33
Warrants issued and exercisable	$1.33

STOCK_PURCHASE_WARRANTS_Detail1

STOCK PURCHASE WARRANTS (Details 1) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Stock Purchase Warrants	'	'
Number of Shares	7,318,312	'
Weighted Average Remaining Contract Life in Years	'3 years 3 months 7 days	'
Weighted Average Exercise Price	$0.68	$0.66
Exercise Price	$0.95	'
WarrantMember | Warrant 1 [Member]	'	'
Stock Purchase Warrants	'	'
Number of Shares	277,500	'
Weighted Average Remaining Contract Life in Years	'0 years 6 months 18 days	'
Weighted Average Exercise Price	$0.50	'
Exercise Price	$0.50	'
WarrantMember | Warrant 2 [Member]	'	'
Stock Purchase Warrants	'	'
Number of Shares	1,041,028	'
Weighted Average Remaining Contract Life in Years	'1 year 10 months 28 days	'
Weighted Average Exercise Price	$0.83	'
Exercise Price	$0.83	'
WarrantMember | Warrant 3 [Member]	'	'
Stock Purchase Warrants	'	'
Number of Shares	20,000	'
Weighted Average Remaining Contract Life in Years	'2 years 10 months 2 days	'
Weighted Average Exercise Price	$0.84	'
Exercise Price	$0.84	'
WarrantMember | Warrant 4 [Member]	'	'
Stock Purchase Warrants	'	'
Number of Shares	281,912	'
Weighted Average Remaining Contract Life in Years	'3 years 9 months 26 days	'
Weighted Average Exercise Price	$0.85	'
Exercise Price	$0.85	'
WarrantMember | Warrant 5 [Member]	'	'
Stock Purchase Warrants	'	'
Number of Shares	1,819,119	'
Weighted Average Remaining Contract Life in Years	'0 years 1 month 21 days	'
Weighted Average Exercise Price	$0.90	'
Exercise Price	$0.90	'
WarrantMember | Warrant 6 [Member]	'	'
Stock Purchase Warrants	'	'
Number of Shares	20,000	'
Weighted Average Remaining Contract Life in Years	'3 years 0 months 4 days	'
Weighted Average Exercise Price	$0.95	'
Exercise Price	$0.95	'
WarrantMember | Warrant 7 [Member]	'	'
Stock Purchase Warrants	'	'
Number of Shares	426,417	'
Weighted Average Remaining Contract Life in Years	'5 years 7 months 6 days	'
Weighted Average Exercise Price	$1	'
Exercise Price	$1	'
WarrantMember | Warrant 8 [Member]	'	'
Stock Purchase Warrants	'	'
Number of Shares	3,432,336	'
Weighted Average Remaining Contract Life in Years	'1 year 9 months 0 days	'
Weighted Average Exercise Price	$1.33	'
Exercise Price	$1.33	'
Derivative Warrant [Member]	'	'
Stock Purchase Warrants	'	'
Number of Shares	7,537,970	'
Weighted Average Remaining Contract Life in Years	'4 years 10 months 25 days	'
Weighted Average Exercise Price	$0.83	'
Exercise Price	$0.83	'

STOCK_PURCHASE_WARRANTS_Detail2

STOCK PURCHASE WARRANTS (Details Narrative) (USD $)	9 Months Ended			12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Dec. 31, 2012
			WarrantMember	WarrantMember
Number of common stock warrants issued to non-employees for services	1,230,769	'	7,459,358	320,000
Professional fees	'	'	'	$134,000
Common stock options exchanged	'	'	'	277,500
Risk free rate	2.61%	2.42%	2.42%	242.00%
Expected volatility rate	61.67%	77.70%	62.20%	'
Shares issued in connection with 2012 Private Placement	378,125	'	'	1,819,119
Placement agent warrants issued	'	'	78,612	181,912

COMMON_STOCK_OPTIONS_Details

COMMON STOCK OPTIONS (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Summary of all common stock option activity	'
Outstanding shares, beginning of period	4,035,428
Options granted, shares	515,000
Options forfeited, shares	13,500
Options exercised	'
Outstanding shares	4,536,928
Exercisable shares, beginning of period	2,294,053
Exercisable shares,end of period	2,580,553
Outstanding weighted average exercise price, beginning	$0.66
Options granted, weighted average exercise price	$0.83
Options forfeited, weighted average exercise price	$0.95
Options exercised, weighted average exercise price	'
Outstanding weighted average exercise price, ending	$0.68
Exercisable, weighted average exercise price, Beginning of period	$0.66
Exercisable, weighted average exercise price, End of period	$0.68

COMMON_STOCK_OPTIONS_Details_N

COMMON STOCK OPTIONS (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Equity plan reserved shares	6,475,750
Equity plan issued shares	161,250
Options granted, weighted average exercise price	$0.83
Weighted average fair value of options granted	$0.48
Weighted average remaining contract life, exercisable options	'5 years 11 months 26 days
Weighted average remaining contract life, outstanding options	'7 years 2 months 16 days
Aggregate intrinsic value of options	$479,400
Aggregate intrinsic value of options exercisable	371,400
Unrecognized compensation cost related to non-vested options	$797,000
Weighted average period of non vested options	'1 year 4 months 17 days

Subsequent_Events_Details_Narr

Subsequent Events (Details Narrative) (USD $)	Sep. 30, 2013
Subsequent Events Details Narrative	'
Gross proceeds from consideration in 2013 Private Placement	$1,100,000
Closing price per share of Private Placement shares	$2