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DEFERRED RESEARCH AND DEVELOPMENT REVENUE
3 Months Ended
Mar. 31, 2019
DEFERRED RESEARCH AND DEVELOPMENT REVENUE [Abstract]  
DEFERRED RESEARCH AND DEVELOPMENT REVENUE
NOTE 7 — DEFERRED RESEARCH AND DEVELOPMENT REVENUE:

The Company recognizes income from R&D milestones when those milestones are reached and non-milestone contracts and grants when earned.  These projects are invoiced after expenses are incurred. Any projects or grants funded in advance are deferred until earned. As of March 31, 2019 and December 31, 2018, there were $200,000 and $422,905 unearned advanced revenues, respectively.