PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Tables)

12 Months Ended

Dec. 31, 2015

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	2015			2014
Laboratory equipment	$	424,888		$	424,888
Manufacturing equipment		1,604,894			1,599,894
Computers, office equipment, and furniture		153,865			153,078
Computer software		4,108			4,108
Leasehold improvements		95,841			95,841
		2,283,596			2,277,809
Less: accumulated depreciation and amortization		(2,026,179	)		(1,845,699	)
Property, equipment and leasehold improvements, net	$	257,417		$	432,110