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OTHER CURRENT ASSETS
 9 Months Ended
Sep. 30, 2013
Other Current Assets  
OTHER CURRENT ASSETS

NOTE 4 – OTHER CURRENT ASSETS

 

Other current assets consist of the following:

    September 30,
2013		     December 31,
2012		  
Prepaid research and development costs   $ 1,940,675     $ 189,375  
Deferred financing costs     656,008       —  
Prepaid consulting     519,762       432,216  
Other receivables-related party (Note 11)     221,109       —  
Prepaid insurance     68,846       127,403  
Other prepaid costs     13,304       —  
Prepaid guaranty costs     —       2,944  
TOTAL OTHER CURRENT ASSETS   $ 3,419,704     $ 751,938