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RELATED PARTIES

12 Months Ended

Dec. 31, 2015

11.

Related Parties:

The Company for the years ended December 31, 2015 and 2014 reimbursed a related party $29,846 and $16,830, respectively. The Company incurred expenses from a related party of $129,360 and $146,985 for research and development for the years ended December 31, 2015 and 2014, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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