Accrued Expenses and Other Liabilities

12 Months Ended

Dec. 31, 2012

Accrued Expenses and Other Liabilities [Abstract]

Accrued Expenses and Other Liabilities

Note 5 - Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consisted of the following:

	December 31,
	2012		2011
Accrued development expenses	$	1,716,557	$	1,479,105
Accrued professional services		365,680		423,756
Accrued employee payroll and related expenses		189,746		752,469
Other		56,894		-
Accrued expenses and other liabilities	$	2,328,877	$	2,655,330