OTHER BALANCE SHEET INFORMATION

6 Months Ended

Jun. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

OTHER BALANCE SHEET INFORMATION

Components of selected captions in the accompanying balance sheets as of June 30, 2015 and December 31, 2014 consist of:

	June 30, 2015		December 31, 2014
Prepaid expenses & other:
Prepaid insurance	$	20,196	$	24,576
Deferred closing costs		78,269		83,941
Other		33,816		50,332
Prepaid expenses & other	$	132,281	$	158,849
Accrued expenses and other:
Professional fees	$	28,695	$	47,028
Accrued dividends Series B Preferred Stock		837,090		588,588
Deferred salary		88,958		63,542
Accrued interest on Note Payable		150,403		53,749
Research and development		67,803		170,292
Other		229,902		151,412
Accrued expenses and other	$	1,402,851	$	1,074,611