ACCOUNTS PAYABLE AND ACCRUED EXPENSES

6 Months Ended

Jun. 30, 2014

ACCOUNTS PAYABLE AND ACCRUED EXPENSES [Abstract]

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

5. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:

	June 30,		December 31,
	2014		2013
Trade accounts payable and accrued expenses	$	308,378	$	$ 409,617
Accrued legal and other professional fees		220,703		61,538
Accrued payroll and related costs		190,113		163,122

        Total $ 719,194 $ 634,277