I think I've heard a few rumors of a race on your isle...
Do the pads seem to move or flex when you apply the pedal but just won't do anything? Pads could be glazed.
Does the pedal get firmer if you pump the lever? Air in the system, bleed the brakes.
Is there any sign of fluid leakage around the hose fittings or pads? Leaking hose, fittings and/or seals.
If none of these fit and nothing happens at all, you've probably got an internal leak in the master cylinder and it will need to be rebuilt or replaced.