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PREPAID EXPENSE

6 Months Ended

Jun. 30, 2014

Prepaid Expense and Other Assets [Abstract]

PREPAID EXPENSE

NOTE 7 – PREPAID EXPENSE

Prepaid expense consisted of the following:

		June 30, 2014				December 31, 2013
Prepaid research and development costs		$	566,923			$	824,221
Prepaid manufacturing costs			899,000				899,000
Accreted prepaid costs			45,626				27,234
TOTAL PREPAID EXPENSE		$	1,511,549			$	1,750,455

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- Definition

Disclosure of prepaid expenses.

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