OTHER CURRENT ASSETS

9 Months Ended

Sep. 30, 2014

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

OTHER CURRENT ASSETS

NOTE 5 – OTHER CURRENT ASSETS

Other current assets consist of the following:

	September 30, 2014		December 31, 2013
Prepaid consulting	$	514,596	$	530,596
Prepaid insurance		503,064		145,722
Prepaid research and development costs		457,458		1,267,588
Other receivables-related party (Note 14)		249,981		249,981
Other prepaid costs		195,019		23,806
Other current assets		100,000		—
Deferred financing costs		—		260,022
TOTAL OTHER CURRENT ASSETS	$	2,020,118	$	2,477,715