OTHER BALANCE SHEET INFORMATION (Tables)

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Selected balance sheet captions

Components of selected captions in the accompanying balance sheets as of June 30, 2016 and December 31, 2015 consist of:

	June 30, 2016		December 31, 2015
Prepaid expenses and other:
Prepaid insurance	$	18,944	$	39,756
Annual license fees		-		104,167
Other		36,419		74,232
Prepaid expenses & other	$	55,363	$	218,155
Accrued expenses and other:
Accrued dividends Series A and B Preferred Stock	$	1,301,672	$	1,041,894
Accrued interest on notes payable		325,709		327,203
Deferred salary		155,625		88,958
Research and development		67,465		39,268
Funded research		366,667		-
Other		130,951		106,282
Accrued expenses & other	$	2,348,089	$	1,603,605