OTHER BALANCE SHEET INFORMATION

9 Months Ended

Sep. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

OTHER BALANCE SHEET INFORMATION

Components of selected captions in the accompanying balance sheets as of September 30, 2014 and December 31, 2013 consist of:

	September 30, 2014		December 31, 2013
Prepaid expenses and other:
Prepaid insurance	$	31,136	$	10,679
Deferred closing costs		80,543		-
Other		76,769		42,280
Prepaid expenses and other	$	188,448	$	52,959
Accrued expenses and other:
Professional fees	$	32,271	$	51,646
Accrued dividends		480,792		122,876
Accrued interests on notes payable		19,383		-
Other		283,407		65,151
Accrued expenses	$	815,853	$	239,673