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OTHER CURRENT ASSETS (Tables)

6 Months Ended

Jun. 30, 2014

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of 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

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Tabular disclosure of the carrying amounts of other current assets.

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