PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2013

Property and Equipment

Property and equipment consisted of the following at December 31, 2013 and 2012:

Description	Life	2013			2012
Computer equipment	3 years	$	121,921		$	121,129
Office furniture and equipment	5-7 years		245,297			274,438
Software	3 years		121,378			149,867
Laboratory equipment	7 years		1,270,858			1,020,158
Leasehold improvements	10 years		665,158			622,772
Manufacturing equipment	7 years		588,889			571,187
Subtotal			3,013,501			2,759,551
Less: accumulated depreciation			(1,718,477	)		(1,494,510	)
Property and equipment, net		$	1,295,024		$	1,265,041