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OTHER CURRENT ASSETS (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Other Current Assets
Prepaid R&D costs	$ 1,267,588	$ 189,375
Prepaid consulting	530,596	432,216
Deferred financing costs	260,022
Other receivables-related party	249,981
Prepaid other	169,528	127,403
Prepaid guaranty costs		2,944
TOTAL OTHER CURRENT ASSETS	$ 2,477,715	$ 751,938

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Carrying amount as of the balance sheet date of unamortized costs of consulting contracts, which will be charged against earnings ratably over the period in which contractually agreed upon services will be provided; such periods expire within one year or the normal operating cycle, if longer. Current portion.

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Carrying amount as of the balance sheet date of the unamortized carrying amount of the contractual right to remit fees, as compensation in exchange for having a guarantee provided, which will be charged against earnings over the life of the guarantee. Current portion.

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Carrying amount as of the balance sheet date of unamortized costs of research and development contracts, which will be charged against earnings ratably over the period in which contractually agreed upon services will be provided; such periods expire within one year or the normal operating cycle, if longer. Current portion.

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Net amount of current deferred finance costs capitalized at the end of the reporting period.

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