SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

SIGNIFICANT ACCOUNTING POLICIES

Schedule of cash and cash equivalents

	December 31,
	2013		2012
Cash on deposit	$	219,378	$	209,380
Money market fund		13,760,943		12,615,710
Total cash and cash equivalents	$	13,980,321	$	12,825,090

Summary of estimated useful lives

Classification	Estimated Useful Life
Computer hardware	5 years
Software	3 years
Office furniture and equipment	5 years
Research and lab equipment	5 years
Leasehold improvements	Remaining Life of Lease