ACCOUNTS PAYABLE AND ACCRUED EXPENSES

3 Months Ended

Mar. 31, 2014

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,
	2014		2013
Trade accounts payable and accrued expenses	$	551,189	$	$ 409,617
Accrued legal and other professional fees		145,531		61,538
Accrued payroll and related costs		180,365		163,122
Total	$	877,085	$	634,277