Other Balance Sheet Information

12 Months Ended

Dec. 31, 2015

Other Balance Sheet Information

Other Balance Sheet Information

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

	December 31, 2015			December 31, 2014
Prepaid expenses and other:
Prepaid insurance	$	39,756		$	24,576
Deferred closing costs		136,260			83,941
Annual license fee		104,167			-
Other		74,232			50,332
Prepaid expenses and other	$	354,415		$	158,849
Property and equipment:
Computers and office equipment	$	73,911		$	67,217
Machinery and equipment		112,421			112,421
Less: accumulated depreciation		(175,283	)		(167,911	)
Property and equipment, net	$	11,049		$	11,727
Accrued expenses and other:
Professional fees	$	49,703		$	47,028
Accrued dividends Series B Preferred Stock		1,041,894			588,588
Deferred salary		88,958			63,542
Accrued interest on Notes Payable		327,203			53,749
Accrued research and development		39,268			170,292
Other		56,579			151,412
Accrued expenses and other	$	1,603,605		$	1,074,611