Financials

v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 252,145us-gaap_Cash $ 1,143,175us-gaap_Cash
Investment in trading securities 39,930us-gaap_MarketableSecuritiesCurrent 634,826us-gaap_MarketableSecuritiesCurrent
Prepaid expenses & other 158,849us-gaap_PrepaidExpenseCurrent 52,959us-gaap_PrepaidExpenseCurrent
Total Current Assets 450,924us-gaap_AssetsCurrent 1,830,960us-gaap_AssetsCurrent
Property and equipment, net 11,727us-gaap_PropertyPlantAndEquipmentNet 35,429us-gaap_PropertyPlantAndEquipmentNet
Intangible assets, net 357,540us-gaap_FiniteLivedIntangibleAssetsNet 49,339us-gaap_FiniteLivedIntangibleAssetsNet
Total Assets 820,191us-gaap_Assets 1,915,728us-gaap_Assets
Current Liabilities:    
Convertible notes payable - short term (see Note 8) 2,123,416us-gaap_NotesPayableCurrent   
Accounts payable 1,064,480us-gaap_AccountsPayableCurrent 183,298us-gaap_AccountsPayableCurrent
Derivative warrant liability 1,354,319us-gaap_WarrantsAndRightsOutstanding 2,549,196us-gaap_WarrantsAndRightsOutstanding
Accrued expenses and other 1,074,611us-gaap_AccruedLiabilitiesForCommissionsExpenseAndTaxes 239,673us-gaap_AccruedLiabilitiesForCommissionsExpenseAndTaxes
Total Current Liabilities 5,616,826us-gaap_LiabilitiesCurrent 2,972,167us-gaap_LiabilitiesCurrent
Commitments & Contingencies      
Stockholders' Deficit:    
Preferred stock Series A; $0.001 par value, 3,500,000 shares designated 949,477 and 2,350,196 shares issued and outstanding at December 31, 2014 and 2013, respectively (preference in liquidation of $788,066 at December 31, 2014) 951us-gaap_PreferredStockValue 2,352us-gaap_PreferredStockValue
Preferred stock Series B; $0.001 par value, 12,000,000 shares designated 5,694,571 and 5,725,821 shares issued and outstanding at December 31, 2014 and 2013, respectively (preference in liquidation of $5,132,152 at December 31, 2014) 5,695FPMI_PreferredStockSeriesBValue 5,726FPMI_PreferredStockSeriesBValue
Common stock - Class A - $0.001 par value,100,000,000 shares authorized, 29,197,497 and 25,675,013 shares issued and outstanding at December 31, 2014 and 2013, respectively 29,199us-gaap_CommonStockValue 25,676us-gaap_CommonStockValue
Additional paid-in capital 24,034,203us-gaap_AdditionalPaidInCapitalCommonStock 23,084,429us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (28,866,683)us-gaap_RetainedEarningsAccumulatedDeficit (24,174,622)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Deficit (4,796,635)us-gaap_StockholdersEquity (1,056,439)us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Deficit $ 820,191us-gaap_LiabilitiesAndStockholdersEquity $ 1,915,728us-gaap_LiabilitiesAndStockholdersEquity
v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Operating Expenses:    
General and administrative $ 3,415,340us-gaap_GeneralAndAdministrativeExpense $ 3,049,591us-gaap_GeneralAndAdministrativeExpense
Research and development 1,753,500us-gaap_ResearchAndDevelopmentExpense 1,312,507us-gaap_ResearchAndDevelopmentExpense
Total Operating Expenses 5,168,840us-gaap_OperatingExpenses 4,362,098us-gaap_OperatingExpenses
Loss from Operations (5,168,840)us-gaap_IncomeLossFromContinuingOperations (4,362,098)us-gaap_IncomeLossFromContinuingOperations
Other Income (Expense):    
Interest income 18us-gaap_InterestAndOtherIncome 211us-gaap_InterestAndOtherIncome
Other income 6,864us-gaap_OtherIncome 70,525us-gaap_OtherIncome
Loss on disposition of intangible/fixed assets (29,596)FPMI_LossOnDispositionOfFixedAssets   
Gain on settlement of accounts payable 11,126FPMI_GainOnSettlementOfAccountsPayable 6,594FPMI_GainOnSettlementOfAccountsPayable
Loss on sale of trading securities (302,116)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet (818,365)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
Change in unrealized gain (loss) on trading securities 228,156us-gaap_UnrealizedGainLossOnSecurities (236,143)us-gaap_UnrealizedGainLossOnSecurities
Gain (loss) on revaluation and modification of derivative warrant liability 1,227,998us-gaap_TradingGainsLosses (216,701)us-gaap_TradingGainsLosses
Interest and other expense (104,132)us-gaap_InterestExpense (51,351)us-gaap_InterestExpense
Total Other Income (Expense), net 1,038,318us-gaap_NonoperatingIncomeExpense (1,245,230)us-gaap_NonoperatingIncomeExpense
Loss Before Provision for Income Taxes (4,130,522)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (5,607,328)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for Income Taxes      
Net Loss (4,130,522)us-gaap_NetIncomeLoss (5,607,328)us-gaap_NetIncomeLoss
Preferred Stock Dividend (561,539)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (1,676,754)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Net Loss Attributable to Common Stockholders $ (4,692,061)us-gaap_ProfitLoss $ (7,284,082)us-gaap_ProfitLoss
Net loss per common share - Basic and Diluted $ (0.16)us-gaap_EarningsPerShareBasic $ (0.30)us-gaap_EarningsPerShareBasic
Weighted Average Shares Used in per Share Calculation - Basic and Diluted 28,641,197us-gaap_WeightedAverageNumberOfSharesIssuedBasic 24,373,970us-gaap_WeightedAverageNumberOfSharesIssuedBasic
v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,130,522)us-gaap_NetIncomeLoss $ (5,607,328)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used by operating activities    
Depreciation and amortization 42,470us-gaap_DepreciationAndAmortization 24,479us-gaap_DepreciationAndAmortization
Amortization of issuance costs 44,388us-gaap_AmortizationOfFinancingCostsAndDiscounts   
Fair value of common stock issued for consulting 178,160FPMI_NoncashFairValueOfCommonStockIssuedForConsulting 45,550FPMI_NoncashFairValueOfCommonStockIssuedForConsulting
Share-based compensation related to stock options 417,569FPMI_SharebasedCompensationRelatedToEmployeeStockOptions 632,413FPMI_SharebasedCompensationRelatedToEmployeeStockOptions
Loss on fixed/intangible asset dispositions 29,596FPMI_LossOnFixedAssetDispositions 128,245FPMI_LossOnFixedAssetDispositions
Non-cash interest expense on beneficial conversion    27,500FPMI_NoncashInterestExpenseOnBeneficialConversion
Gain on accounts payable settlement (11,126)FPMI_GainOnDebtAndAccountsPayableSettlement (6,594)FPMI_GainOnDebtAndAccountsPayableSettlement
Net loss on sale of trading securities 302,116FPMI_AvailableForSaleSecuritiesGrossRealizedGainLossNet1 818,365FPMI_AvailableForSaleSecuritiesGrossRealizedGainLossNet1
Change in unrealized gain (loss) on trading securities (228,156)us-gaap_UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments 236,143us-gaap_UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
Gain (loss) on revaluation and modification of derivative warrant liability (1,227,998)FPMI_GainOnRevaluationOfDerivativeWarrantLiabilitiy 216,701FPMI_GainOnRevaluationOfDerivativeWarrantLiabilitiy
(Increase) decrease in:    
Prepaid expenses and other (21,949)us-gaap_IncreaseDecreaseInPrepaidExpense 24,351us-gaap_IncreaseDecreaseInPrepaidExpense
Increase (decrease) in:    
Accounts payable 914,808us-gaap_IncreaseDecreaseInAccountsPayable 52,112us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses and other 369,225us-gaap_IncreaseDecreaseInAccruedLiabilities 76,266us-gaap_IncreaseDecreaseInAccruedLiabilities
Net Cash Used in Operating Activities (3,321,419)us-gaap_NetCashProvidedByUsedInOperatingActivities (3,331,797)us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of investments 568,852us-gaap_ProceedsFromSaleOfLoansAndLeasesHeldForInvestment 1,806,050us-gaap_ProceedsFromSaleOfLoansAndLeasesHeldForInvestment
Cash paid for intangible assets (350,000)FPMI_CashPaidForIntangibleAssets   
Cash paid for purchase of property and equipment (6,564)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (5,356)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net Cash Provided by Investing Activities (212,288)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,800,694)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of convertible notes payable - short term 2,078,000FPMI_ProceedsFromIssuanceOfNotesStockholder 330,000FPMI_ProceedsFromIssuanceOfNotesStockholder
Issuance costs related to notes payable (128,329)FPMI_IssuanceCostsRelatedToNotesPayable   
Repayment of notes payable (25,000)FPMI_RepaymentOfNotesPayableStockholders (55,000)FPMI_RepaymentOfNotesPayableStockholders
Proceeds from the exercise of stock 90,375us-gaap_ProceedsFromStockOptionsExercised   
Proceeds from sale of common stock, net 203,055FPMI_ProceedsFromSaleOfCommonStockClassNet 574,224FPMI_ProceedsFromSaleOfCommonStockClassNet
Proceeds from sale of preferred stock, net    520,966FPMI_ProceedsFromSaleOfPreferredStockNet
Net Cash Provided by Financing Activities 2,218,101us-gaap_NetCashProvidedByUsedInFinancingActivities 1,370,190us-gaap_NetCashProvidedByUsedInFinancingActivities
Net Change in Cash and Cash Equivalents (891,030)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (160,913)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and Cash Equivalents, Beginning of Period 1,143,175us-gaap_CashAndCashEquivalentsAtCarryingValue 1,304,088us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and Cash Equivalents, End of Period 252,145us-gaap_CashAndCashEquivalentsAtCarryingValue 1,143,175us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Cash Flow Disclosures:    
Interest expense paid in cash    5,297us-gaap_InterestPaid
Tax paid 1,412us-gaap_IncomeTaxesPaid 1,662us-gaap_IncomeTaxesPaid
Supplemental Non-Cash Disclosure:    
Accrued expenses settled in preferred stock    57,196us-gaap_SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
Sale of preferred stock for marketable equity securities    3,495,384FPMI_SaleOfPreferredStockForMarketableEquitySecurities
Fair value of warrants issued to Series B holders    (2,247,778)FPMI_FairValueOfWarrantsIssuedToSeriesBHolders
Fair value of warrants modified in connection with Series B financing (33,121)FPMI_FairValueOfWarrantsModifiedInConnectionWithSeriesBFinancing (113,685)FPMI_FairValueOfWarrantsModifiedInConnectionWithSeriesBFinancing
Fair value of warrants issued to Series B placement agents (12,738)FPMI_FairValueOfWarrantsIssuedToSeriesBPlacementAgents (23,608)FPMI_FairValueOfWarrantsIssuedToSeriesBPlacementAgents
Notes payable - stockholder - settled in common stock    275,000FPMI_NotesPayableStockholderSettledInCommonStock
Notes payable issued for securities (47,916)FPMI_NotesPayableIssuedForSecurities   
Notes payable issued as accounts payable settlement (22,500)FPMI_NotesPayableIssuedAsAccountsPayableSettlement   
Series B Preferred Stock dividend accrued (466,966)FPMI_SeriesBPreferredStockDividendAccrued (122,876)FPMI_SeriesBPreferredStockDividendAccrued
Series B Preferred Stock deemed dividend    (1,368,272)FPMI_SeriesBPreferredStockDeemedDividend
Series A Preferred Stock dividend settled in Series A Preferred (77,403)FPMI_SeriesPreferredStockDividendSettledInSeriesPreferred (185,606)FPMI_SeriesPreferredStockDividendSettledInSeriesPreferred
Conversion of Series A Preferred Stock dividend to common stock (17,170)FPMI_ConversionOfSeriesPreferredStockDividendToCommonStock   
Conversion of Series A preferred shares to common stock (1,494)FPMI_ConversionOfSeriesPreferredSharesToCommonStock   
Conversion of Series B preferred shares to common stock (50)FPMI_ConversionOfSeriesBPreferredSharesToCommonStock   
Conversion of Series B preferred shares and accrued dividends to common stock $ (1,254)FPMI_ConversionOfSeriesBPreferredSharesAndAccruedDividendsToCommonStock