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COMMITMENTS | 12 Months Ended
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Dec. 31, 2013
COMMITMENTS [Abstract] |
COMMITMENTS | NOTE 5 - COMMITMENTS The Company is obligated under an operating lease for office space expiring in 5 years. The commencement date will be in 2014 upon completion of tenant improvements. The aggregate minimum future lease payments under the operating leases are as follows:
DECEMBER 31, |  | AMOUNT |
2014 |  | $ | 28,025 |
2015 |  |  | 46,038 |
2016 |  |  | 47,407 |
2017 |  |  | 48,817 |
Thereafter |  |  | 56,581 |
TOTAL |  | $ | 226,868 |
The Company is obligated under operating leases for laboratory space expiring April 2014. Aggregate minimum future lease payments under the operating leases are as follows:
YEAR ENDING |  |  |
DECEMBER 31, |  | AMOUNT |
2014 |  | $ | 22,708 |
Rent expense approximating $68,125 and $53,563 is included in research and development expenses for the years ended December 31, 2013 and 2012.

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