ACCRUED EXPENSES

12 Months Ended

Dec. 31, 2015

Payables and Accruals [Abstract]

ACCRUED EXPENSES

At December 31, accrued expenses consist of the following:

	2015		2014
Payroll and related costs	$	3,686	$	2,019
Royalties	51,838		80,572
Stock price guarantee (see Note 8)	913,582		554,732
Other	32,253		36,696
Total	$	1,001,359	$	674,019