PROPERTY, EQUIPMENT and LEASEHOLD IMPROVEMENTS (Tables)

12 Months Ended

Dec. 31, 2013

PROPERTY, EQUIPMENT and LEASEHOLD IMPROVEMENTS [Abstract]

Property, equipment and leasehold improvements

Property, equipment and leasehold improvements, net, consisted of the following at December 31:

Property, equipment and leasehold improvements	2013			2012
Laboratory equipment	$	424,888		$	424,888
Manufacturing equipment		1,581,728			1,547,572
Computers, office equipment, and furniture		140,360			140,360
Computer software		4,108			4,108
Leasehold improvements		95,841			95,841
		2,246,925			2,212,769
Less: accumulated depreciation and amortization		(1,608,311	)		(1,367,234	)
Property, equipment and leasehold improvements, net	$	638,614		$	845,535