6. INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

Income Taxes Tables

Schedule of deferred tax assets

Deferred tax asset resulting from:	December 31, 2015			December 31, 2014
Net Operating Loss	$	24,806,175		$	24,531,026
Research and development tax credits		2,593,792			1,778,030
Capitalized research and development costs		11,900,122			8,803,914
Subtotal		39,300,089			35,112,970
Less valuation allowance		(39,300,089	)		(35,112,970	)
Net deferred tax asset	$	—		$	—