ACCOUNTS PAYABLE AND ACCRUED EXPENSES

3 Months Ended

Mar. 31, 2012

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:

	March 31,		December 31,
	2012		2011
Trade accounts payable and accrued expenses	$	2,110,170	$	407,954
Accrued legal and other professional fees		176,811		50,000
Accrued payroll and related costs		147,257		143,048

        Total $ 2,434,238 $ 601,002