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- Definition

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.

+ References

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- Definition

Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.

+ References

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- Definition

Cash received from licensees for license fees during the current period.

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- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

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- Definition

Number of shares of stock issued during the period pursuant to acquisitions.

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- Definition

Value of stock issued pursuant to acquisitions during the period.

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LICENSE AGREEMENTS (Details Textual) - USD ($)	12 Months Ended
LICENSE AGREEMENTS (Details Textual) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 03, 2015	Sep. 09, 2015	Jul. 04, 2015	Sep. 09, 2013
Stock Issued, Value	$ 2,071,625	$ 0
Finite-Lived Intangible Assets, Accumulated Amortization	668,689	117,900
Amortization of Intangible Assets	(550,789)	(114,006)
Revenue	735,717	1,030,113
CRI [Member]
Maximum Milestone Payments	7,000,000
Stock Issued, Value	$ 200,000
Stock Issued, Shares	631,313
Finite-Lived Intangible Assets, Accumulated Amortization	$ 58,300
Ovation Agmt 1 [Member]
Maximum Milestone Payments						$ 11,250,000
Ovation Agmt 2 [Member]
Maximum Milestone Payments						$ 18,600,000
Sothema [Member]
Maximum Milestone Payments	171,000,000
License fee received	0	200,000
Orimed [Member]
Maximum Milestone Payments	94,500,000
License fee received	0	100,000
Tramorgan [Member]
Maximum Milestone Payments	44,000,000
Revenue	0	0
Ovation Pharma [Member]
Revenue	0	100,000
License fee received	0	$ 75,000
Elis Pharmaceuticals Agreement [Member]
Maximum Milestone Payments					$ 35,500,000
Amortization of Intangible Assets	0
Khandelwal Laboratories Agreement [Member]
Maximum Milestone Payments				$ 2,600,000
Amortization of Intangible Assets	0
Bio Task Agreement [Member]
Maximum Milestone Payments			$ 34,000,000
Amortization of Intangible Assets	$ 0