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OTHER CURRENT ASSETS (Tables)
12 Months Ended
Dec. 31, 2013
Other Assets:  
Schedule of other current assets

Other current assets consist of the following:

 

   December 31, 
   2013   2012 
Prepaid R&D costs  $1,267,588   $189,375 
Prepaid consulting   530,596    432,216 
Deferred financing costs   260,022     
Other receivable – related party   249,981     
Prepaid other   169,528    127,403 
Prepaid guaranty costs       2,944 
TOTAL OTHER CURRENT ASSETS  $2,477,715   $751,938