ACCOUNTS PAYABLE AND ACCRUED EXPENSES

12 Months Ended

Dec. 31, 2014

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

NOTE 3—ACCOUNTS PAYABLE AND ACCRUED EXPENSES

        Accounts payable and accrued expenses at December 31, 2014 and 2013 are as follows:

	December 31, 2014		December 31, 2013
Accrued compensation expense	$	511,769	$	247,845
Accrued research and development		641,997		367,065
Accrued professional fees		23,901		160,370
Other accounts payable and accrued expenses		82,931		48,554
Totals	$	1,260,598	$	823,834