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OTHER CURRENT ASSETS
 6 Months Ended
Jun. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER CURRENT ASSETS

 

NOTE 5 – OTHER CURRENT ASSETS

 

Other current assets consist of the following:

 

   June 30,
2014		   December 31,
2013		 
Prepaid research and development costs  $1,663,147   $1,267,588 
Prepaid consulting   514,596    530,596 
Other receivables-related party (Note 14)   249,981    249,981 
Prepaid insurance   174,917    125,266 
Other prepaid costs   75,559    44,262 
Deferred financing costs   —    260,022 
TOTAL OTHER CURRENT ASSETS  $2,678,200   $2,477,715