ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

9 Months Ended

Sep. 30, 2016

ACCOUNTS PAYABLE AND ACCRUED EXPENSES [Abstract]

Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consisted of the following:

	September 30, 2016		December 31, 2015
Trade accounts payable and accrued expenses	$	728,425	$	372,367
Accrued legal and other professional fees		66,775		74,138
Accrued payroll and related costs		196,667		164,504
Total	$	991,867	$	611,009