SHARE-BASED PAYMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of recognized share-based compensation expense

	Nine Months Ended				Three Months Ended
	September 30,				September 30,
	2013		2012		2013		2012

Research and development	$	227,260	$	140,840	$	104,411	$	74,729
General and administrative	403,399		312,711		123,489		121,092

Total share-based compensation expense	$	630,659	$	453,551	$	227,900	$	195,821

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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