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PREPAID EXPENSE (Tables)
6 Months Ended
Jun. 30, 2014
Prepaid Expense and Other Assets [Abstract]  
Schedule of 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