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OTHER CURRENT ASSETS (Tables)

12 Months Ended

Dec. 31, 2014

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

Schedule of other current assets

Other current assets consist of the following:

		December 31,
		2014				2013
Prepaid consulting		$	411,864			$	530,596
Prepaid insurance			394,878				145,722
Prepaid research and development costs			299,498				1,267,588
Other receivables-related party (Note 12)			249,981				249,981
Other prepaid costs			181,186				23,806
Deferred financing costs			—				260,022
TOTAL OTHER CURRENT ASSETS		$	1,537,407			$	2,477,715

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Tabular disclosure of the carrying amounts of other current assets.

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