PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (10K)

9 Months Ended

12 Months Ended

Sep. 30, 2015

Dec. 31, 2014

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS [Abstract]

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

NOTE 6. PROPERTY, EQUIPMENT and LEASEHOLD IMPROVEMENTS

Property, equipment and leasehold improvements, net, consisted of the following at September 30, 2015 and December 31, 2014:

Property, equipment and leasehold improvements		September 30, 2015	December 31, 2014
	Laboratory equipment	$       424,888	$       424,888
	Manufacturing equipment	1,599,894	1,599,894
	Computers, office equipment, and furniture	153,865	153,078
	Computer software	4,108	4,108
	Leasehold improvements	95,841	95,841
		2,278,596	2,277,809
	Less: accumulated depreciation and amortization	(1,992,199)	(1,845,699)
	Property, equipment and leasehold improvements, net	$       286,397	$       432,110

Depreciation expense on property, equipment and leasehold improvements was $41,973 and $58,702 for the three months ended September 30, 2015 and 2014, respectively, and was $146,500 and $178,809 for the nine months ended September 30, 2015 and 2014, respectively.

NOTE 7. PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

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

Property, equipment and leasehold improvements		2014	2013
	Laboratory equipment	$       424,888	$       424,888
	Manufacturing equipment	1,599,894	1,581,728
	Computers, office equipment, and furniture	153,078	140,360
	Computer software	4,108	4,108
	Leasehold improvements	95,841	95,841
		2,277,809	2,246,925
	Less: accumulated depreciation and amortization	(1,845,699)	(1,608,311)
	Property, equipment and leasehold improvements, net	$       432,110	$       638,614

Depreciation expense on property, equipment, and leasehold improvements was $237,388 and $244,704 for the years ended December 31, 2014 and 2013, respectively.