Financials

v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 85,964us-gaap_Cash $ 252,145us-gaap_Cash
Investment in trading securities    39,930us-gaap_AvailableForSaleSecuritiesCurrent
Prepaid expenses & other 116,317us-gaap_PrepaidExpenseCurrent 158,849us-gaap_PrepaidExpenseCurrent
Total Current Assets 202,281us-gaap_AssetsCurrent 450,924us-gaap_AssetsCurrent
Property and equipment, net 8,657us-gaap_PropertyPlantAndEquipmentNet 11,727us-gaap_PropertyPlantAndEquipmentNet
Intangible assets, net 347,792us-gaap_FiniteLivedIntangibleAssetsNet 357,540us-gaap_FiniteLivedIntangibleAssetsNet
Total Assets 558,730us-gaap_Assets 820,191us-gaap_Assets
Current Liabilities:    
Convertible notes payable - short term (see Note 4) 2,313,416us-gaap_NotesAndLoansPayable 2,123,416us-gaap_NotesAndLoansPayable
Accounts payable 1,420,321us-gaap_AccountsPayableCurrent 1,064,480us-gaap_AccountsPayableCurrent
Derivative warrant liability 986,312us-gaap_WarrantsAndRightsOutstanding 1,354,319us-gaap_WarrantsAndRightsOutstanding
Accrued expenses and other 1,252,865us-gaap_AccruedLiabilitiesForCommissionsExpenseAndTaxes 1,074,611us-gaap_AccruedLiabilitiesForCommissionsExpenseAndTaxes
Total Current Liabilities 5,972,914us-gaap_LiabilitiesCurrent 5,616,826us-gaap_LiabilitiesCurrent
Stockholders' Equity (Deficit):    
Common stock - Class A - $0.001 par value, 100,000,000 shares authorized, 29,234,928 and 29,197,497 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively. 29,326us-gaap_CommonStockValue 29,199us-gaap_CommonStockValue
Additional paid-in capital 24,133,593us-gaap_AdditionalPaidInCapitalCommonStock 24,034,203us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (29,583,674)us-gaap_RetainedEarningsAccumulatedDeficit (28,866,683)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Deficit (5,414,184)us-gaap_StockholdersEquity (4,796,635)us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Deficit 558,730us-gaap_LiabilitiesAndStockholdersEquity 820,191us-gaap_LiabilitiesAndStockholdersEquity
Series A Preferred Stock [Member]    
Stockholders' Equity (Deficit):    
Preferred stock Series A; $0.001 par value, 3,500,000 shares designated 874,176 and 949,477 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively (preference in liquidation of $743,677 at March 31, 2015); Series B; $0.001 par value, 12,000,000 shares designated 5,694,571 shares issued and outstanding at March 31, 2015 and December 31, 2014 (preference in liquidation of $5,267,810 at March 31, 2015) 876us-gaap_PreferredStockValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_SeriesAPreferredStockMember
951us-gaap_PreferredStockValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_SeriesAPreferredStockMember
Series B Preferred Stock [Member]    
Stockholders' Equity (Deficit):    
Preferred stock Series A; $0.001 par value, 3,500,000 shares designated 874,176 and 949,477 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively (preference in liquidation of $743,677 at March 31, 2015); Series B; $0.001 par value, 12,000,000 shares designated 5,694,571 shares issued and outstanding at March 31, 2015 and December 31, 2014 (preference in liquidation of $5,267,810 at March 31, 2015) $ 5,695us-gaap_PreferredStockValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_SeriesBPreferredStockMember
$ 5,695us-gaap_PreferredStockValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_SeriesBPreferredStockMember
v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating Expenses:    
General and administrative $ 678,636us-gaap_GeneralAndAdministrativeExpense $ 894,848us-gaap_GeneralAndAdministrativeExpense
Research and development 182,405us-gaap_ResearchAndDevelopmentExpense 324,587us-gaap_ResearchAndDevelopmentExpense
Total Operating Expenses 861,041us-gaap_OperatingExpenses 1,219,435us-gaap_OperatingExpenses
Loss from Operations (861,041)us-gaap_IncomeLossFromContinuingOperations (1,219,435)us-gaap_IncomeLossFromContinuingOperations
Other Income (Expense):    
Interest income    1,058us-gaap_InterestAndOtherIncome
Other Income (11,946)us-gaap_OtherIncome (183,598)us-gaap_OtherIncome
Change in unrealized gain (loss) on trading securities 7,986us-gaap_UnrealizedGainLossOnSecurities 141,739us-gaap_UnrealizedGainLossOnSecurities
Gain (loss) on revaluation of derivative warrant liability 368,007us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings (64,920)us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
Interest and other expense (77,102)us-gaap_InterestExpense (1,366)us-gaap_InterestExpense
Total Other Income (Expense), net 286,945us-gaap_NonoperatingIncomeExpense (107,087)us-gaap_NonoperatingIncomeExpense
Loss Before Provision for Income Taxes (574,096)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (1,326,522)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for Income Taxes      
Net Loss (574,096)us-gaap_NetIncomeLoss (1,326,522)us-gaap_NetIncomeLoss
Preferred Stock Dividend (142,895)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (145,794)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Net Loss Attributable to Common Stockholders $ (716,991)us-gaap_ProfitLoss $ (1,472,316)us-gaap_ProfitLoss
Net loss per common share - Basic and Diluted $ (0.02)us-gaap_EarningsPerShareBasic $ (0.05)us-gaap_EarningsPerShareBasic
Weighted Average Shares Used in per Share Calculation - Basic and Diluted 29,224,959us-gaap_WeightedAverageNumberOfSharesIssuedBasic 27,282,095us-gaap_WeightedAverageNumberOfSharesIssuedBasic
v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended 12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (574,096)us-gaap_NetIncomeLoss $ (1,326,522)us-gaap_NetIncomeLoss  
Adjustments to reconcile net loss to net cash used by operating activities      
Depreciation and amortization 12,818us-gaap_DepreciationAndAmortization 6,155us-gaap_DepreciationAndAmortization  
Amortization of issuance costs 31,674us-gaap_DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsAmortizationExpense     
Share-based compensation related to employee stock options 98,222FPMI_SharebasedCompensationRelatedToEmployeeStockOptions 131,845FPMI_SharebasedCompensationRelatedToEmployeeStockOptions  
Net loss on sale of trading securities 11,946us-gaap_MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments 183,598us-gaap_MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments  
Change in unrealized gain (loss) on trading securities (7,986)us-gaap_MarketableSecuritiesUnrealizedGainLoss (141,739)us-gaap_MarketableSecuritiesUnrealizedGainLoss  
(Gain) loss on revaluation of derivative warrant liabilitiy (368,007)FPMI_GainOnRevaluationOfDerivativeWarrantLiabilitiy 64,920FPMI_GainOnRevaluationOfDerivativeWarrantLiabilitiy  
(Increase) decrease in:      
Prepaid expenses & other 12,798us-gaap_IncreaseDecreaseInPrepaidExpense (17,571)us-gaap_IncreaseDecreaseInPrepaidExpense  
Increase (decrease) in:      
Accounts payable 355,841us-gaap_IncreaseDecreaseInAccountsPayable 142,654us-gaap_IncreaseDecreaseInAccountsPayable  
Accrued expenses 36,579us-gaap_IncreaseDecreaseInAccruedLiabilities (82,615)us-gaap_IncreaseDecreaseInAccruedLiabilities  
Net Cash Used in Operating Activities (390,211)us-gaap_NetCashProvidedByUsedInOperatingActivities (1,039,275)us-gaap_NetCashProvidedByUsedInOperatingActivities  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sale of investments, net 35,970us-gaap_ProceedsFromSaleOfLoansAndLeasesHeldForInvestment 416,554us-gaap_ProceedsFromSaleOfLoansAndLeasesHeldForInvestment  
Cash paid for purchase of property and equipment    (5,321)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment  
Net Cash Provided by Investing Activities 35,970us-gaap_NetCashProvidedByUsedInInvestingActivities 411,233us-gaap_NetCashProvidedByUsedInInvestingActivities  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of convertible notes payable - short term 200,000us-gaap_ProceedsFromNotesPayable     
Notes payable issuance costs (1,940)us-gaap_PaymentsOfDebtIssuanceCosts     
Repayment of notes payable (10,000)us-gaap_RepaymentsOfNotesPayable     
Proceeds from sale of common stock, net    203,055FPMI_ProceedsFromSaleOfCommonStockClassNet  
Net Cash Provided by Financing Activities 188,060us-gaap_NetCashProvidedByUsedInFinancingActivities 203,055us-gaap_NetCashProvidedByUsedInFinancingActivities  
Net Increase (Decrease) in Cash and Cash Equivalents (166,181)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (424,987)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease  
Cash and Cash Equivalents, Beginning of Period 252,145us-gaap_CashAndCashEquivalentsAtCarryingValue 1,143,175us-gaap_CashAndCashEquivalentsAtCarryingValue 1,143,175us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and Cash Equivalents, End of Period 85,964us-gaap_CashAndCashEquivalentsAtCarryingValue 718,188us-gaap_CashAndCashEquivalentsAtCarryingValue  
Supplemental Cash Flow Disclosures:      
Interest expense paid in cash        
Tax paid    956us-gaap_IncomeTaxesPaid  
Supplemental Non-Cash Disclosure:      
Fair value of warrants modified in connection with Series B financing    (114,923)FPMI_FairValueOfWarrantsModifiedInConnectionWithSeriesBFinancing  
Fair value of warrants issued to Series B placement agents    (12,738)FPMI_FairValueOfWarrantsIssuedToSeriesBPlacementAgents  
Series A Preferred Stock [Member]      
Supplemental Non-Cash Disclosure:      
Preferred Stock dividend (18,111)us-gaap_Dividends
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_SeriesAPreferredStockMember
  (34,155)us-gaap_Dividends
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_SeriesAPreferredStockMember
Series B Preferred Stock [Member]      
Supplemental Non-Cash Disclosure:      
Preferred Stock dividend (123,564)us-gaap_Dividends
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_SeriesBPreferredStockMember
  (111,638)us-gaap_Dividends
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_SeriesBPreferredStockMember
Conversion of Series A Preferred Stock dividend to common stock (1,220)us-gaap_DividendsCommonStockStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_SeriesBPreferredStockMember
    
Conversion of Series A preferred shares to common stock (75)us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_SeriesBPreferredStockMember
  (1,373)us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_SeriesBPreferredStockMember
Conversion of preferred shares and accrued dividends to common stock $ (75)us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_SeriesBPreferredStockMember
  $ (1,373)us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_SeriesBPreferredStockMember