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5. OTHER LONG TERM ASSETS
12 Months Ended
Dec. 31, 2014
Text Block [Abstract]  
OTHER LONG TERM ASSETS

Other long term assets at December 31, 2013 include deferred offering costs of $103,636 which were incurred from third parties in connection with the implementation of a $15.0 million Purchase Agreement in November 2012 pursuant to which Opexa has the right to sell to Lincoln Park up to $15.0 million in shares of its common stock, subject to certain conditions and limitations. As of December 31, 2014, this amount was reclassified to other current assets since the Purchase Agreement will expire in 2015.

 

Other long term assets also include costs incurred from third parties in connection with the Merck Serono Agreement (see Note 1). At December 31, 2014 and December 31, 2013 the unamortized costs that are expected to be amortized beyond the upcoming twelve month period amounted to $38,939 and $74,030, respectively.