SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Stock-Based Compensation Expense

Stock-based compensation expense recognized under ASC 718 was as follows:

	December 31,
	2013		2012		2011
Research and development	$	92,249	$	171,217	$	96,849
General and administrative		19,387		57,268		420,518
Total stock-based compensation expense	$	111,636	$	228,485	$	517,367

Net Patent Costs

At December 31, net patent costs consisted of:

	2013		2012		2011
Patents, net	$	215,999	$	280,322	$	190,416

Estimated Aggregate Future Amortization Expense

The estimated aggregate amortization expense for each of the next five years is as follows:

2014	$	53,000
2015		25,000
2016		20,000
2017		20,000
2018		20,000