OTHER CURRENT ASSETS

3 Months Ended

Mar. 31, 2014

Other Assets:

OTHER CURRENT ASSETS

NOTE 5 – OTHER CURRENT ASSETS

Other current assets consist of the following:

	March 31, 2014		December 31, 2013
Prepaid vendor deposits	$	716,465	$	—
Prepaid research and development  costs		668,548		1,267,588
Prepaid consulting		530,596		530,596
Other receivables-related party (Note 14)		249,981		249,981
Other prepaid costs		137,932		169,528
Deferred financing costs		—		260,022
TOTAL OTHER CURRENT ASSETS	$	2,303,522	$	2,477,715