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OTHER CURRENT ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2013
Other Current Assets Tables |
Schedule of Other Current Assets | Other current assets consist of the following:
|  | June 30, 2013 |  |  | December 31, 2012 |
Prepaid research and development costs |  | $ | 1,686,254 |  |  | $ | 189,375 |
Deferred financing costs |  |  | 1,051,988 |  |  |  | -0- |
Prepaid consulting |  |  | 541,936 |  |  |  | 432,216 |
Other receivables-related party (Note 12) |  |  | 171,261 |  |  |  | -0- |
Prepaid insurance |  |  | 125,266 |  |  |  | 127,403 |
Other prepaid costs |  |  | 30,578 |  |  |  | -0- |
Prepaid guaranty costs |  |  | -0- |  |  |  | 2,944 |
TOTAL OTHER CURRENT ASSETS |  | $ | 3,607,283 |  |  | $ | 751,938 |

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- Definition Tabular disclosure of the carrying amounts of other current assets. + References No definition available. + Details
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