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OTHER INCOME (EXPENSES), NET (Tables)
12 Months Ended
Dec. 31, 2013
Other Income and Expenses [Abstract]  
Schedule of Other Nonoperating Income (Expense) [Table Text Block]
Other income (expenses), net, consisted of the following:
 
 
 
Year Ended December 31,
 
 
 
2013
 
2012
 
2011
 
License option fee(1)
 
$
250,000
 
$
 
$
 
Royalty income
 
 
(3,000)
 
 
15,166
 
 
11,190
 
Interest income
 
 
12,493
 
 
17,202
 
 
15,499
 
Interest expense
 
 
(66,689)
 
 
(75,274)
 
 
(81,397)
 
Debt issuance amortization
 
 
(2,894)
 
 
(2,876)
 
 
(5,240)
 
Other gains (losses)
 
 
34,902
 
 
(7,067)
 
 
(4,007)
 
Other income (expenses), net
 
$
224,812
 
$
(52,849)
 
$
(63,955)
 
 
(1) During the second quarter of 2013, we received a $250,000 exclusive option payment from a prospective partner for the development and marketing of Mast Out®. This payment was recorded as deferred revenue upon receipt. During the third quarter of 2013, this prospective partner decided not to execute a license after its final due diligence. Accordingly, the deferred revenue was recognized during the third quarter of 2013. At the same time, $47,604 in capitalized expenses pertaining to the development of Mast Out® were written off.