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OTHER CURRENT ASSETS (Tables)
 12 Months Ended
Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of other current assets

Other current assets consist of the following:

 

   December 31, 
   2015   2014 
Prepaid insurance  $695,421   $394,878 
Prepaid research and development costs   674,353    299,498 
Other prepaid costs   369,812    181,186 
Prepaid consulting   334,822    411,864 
Prepaid vendor deposits   159,489    — 
Other receivables-related party (Note 12)   —    249,981 
TOTAL OTHER CURRENT ASSETS  $2,233,897   $1,537,407