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COMMITMENTS
 12 Months Ended
Dec. 31, 2014
COMMITMENTS [Abstract]  
COMMITMENTS

NOTE 5 – COMMITMENTS


The Company is obligated under an operating lease for office and laboratory space expiring in approximately 4 years. The aggregate minimum future lease payments under the operating leases are as follows:


DECEMBER 31,

AMOUNT


2015

 $ 68,451  

2016

     47,407  

2017

     48,817  

2018

     50,274  

2019

     6,307  

TOTAL

   $ 221,256  


Rent expense approximating $98,501 and $12,777 is included in research and development and general and administrative expenses for the year ended December 31, 2014. The rent expense for the year ended December 31, 2013 is $77,994 and is included in research and development expenses.