PREPAID EXPENSE

3 Months Ended

Mar. 31, 2014

Prepaid Expense, Current [Abstract]

PREPAID EXPENSE

NOTE 7 – PREPAID EXPENSE

Prepaid expense consisted of the following:

	March 31, 2014		December 31, 2013
Prepaid research and development  costs	$	695,572	$	824,221
Prepaid manufacturing costs		899,000		899,000
Accreted prepaid costs		36,388		27,234
TOTAL PREPAID EXPENSE	$	1,630,960	$	1,750,455