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PREPAID EXPENSE (Tables)
6 Months Ended
Jun. 30, 2015
Prepaid Expense and Other Assets [Abstract]  
Schedule of prepaid expense

Prepaid expense consists of the following:

 

   June 30,
2015
 

December 31,

2014

Prepaid manufacturing costs  $899,000   $899,000 
Prepaid research and development costs   257,796    463,720 
Accreted prepaid costs   76,944    64,543 
TOTAL PREPAID EXPENSE  $1,233,740   $1,427,263