PATENT COSTS (Tables)

9 Months Ended

Sep. 30, 2012

As of September 30, 2012, the Company capitalized certain patent costs, paid by Auxilium on behalf of the Company. These costs are reimbursable to Auxilium under the Auxilium Agreement and are creditable against future royalty revenues. Our net patent costs consisted of:

	September 30,			December 31,
	2012			2011
Patents	$	382,076		$	318,280
Accumulated Amortization		(171,392	)		(127,863	)
	$	210,684		$	190,417

Estimated Amortization Expense

The amortization expense for patents for nine months ended September 30, 2012 was approximately $44,000. In the comparable period of 2011, the amortization expense for patents was approximately $33,000. The estimated aggregate amortization expense for each of the next five years is approximately as follows:

2013			52,000
2014			42,000
2015			17,000
2016			14,000
2017 through 2027			71,000