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OTHER REVENUES (EXPENSES), NET
 9 Months Ended
Sep. 30, 2013
Other Income and Expenses [Abstract]  
Other Income and Other Expense Disclosure [Text Block]
7.              OTHER REVENUES (EXPENSES), NET
 
Other revenues (expenses), net, consisted of the following:
 
 
 
For the Three-Month
Periods Ended September 30,
 
For the Nine-Month
Periods Ended September 30,
 
 
 
2013
 
2012
 
2013
 
2012
License option fee(1)
 
$
250,000
 
$
—
 
$
250,000
 
$
—
Royalty income
 
 
—
 
 
6,028
 
 
(3,000)
 
 
14,598
Interest income
 
 
3,271
 
 
4,437
 
 
9,789
 
 
13,817
Interest expense
 
 
(16,522)
 
 
(18,670)
 
 
(50,623)
 
 
(57,134)
Other
 
 
119
 
 
(60)
 
 
61,480
 
 
(417)
Other revenues (expenses), net
 
$
236,868
 
$
(8,265)
 
$
267,646
 
$
(29,136)
 
(1) During the second quarter of 2013, we received a $250,000 exclusive option payment from a prospective partner for the development and marketing of Mast Out®.  This payment was recorded as deferred revenue upon receipt.  During the third quarter of 2013, this prospective partner decided not to execute a license after its final due diligence.  Accordingly, the deferred revenue was recognized during the third quarter of 2013.  At the same time, $47,604 in capitalized expenses pertaining to the development of Mast Out® were written off.