PREPAID EXPENSE

9 Months Ended

Sep. 30, 2014

Prepaid Expense and Other Assets [Abstract]

PREPAID EXPENSE

NOTE 7 – PREPAID EXPENSE

Prepaid expense consisted of the following:

	September 30, 2014		December 31, 2013
Prepaid manufacturing costs	$	899,000	$	899,000
Prepaid research and development  costs		438,274		824,221
Accreted prepaid costs		54,990		27,234
TOTAL PREPAID EXPENSE	$	1,392,264	$	1,750,455