ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

3 Months Ended

Mar. 31, 2017

ACCOUNTS PAYABLE AND ACCRUED EXPENSES [Abstract]

Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consisted of the following:

	March 31, 2017		December 31, 2016
Trade accounts payable	$	251,648	$	505,098
Accrued third party royalties		491,243		-
Accrued legal and other professional fees		189,132		51,000
Accrued payroll and related costs		173,158		182,551
Other accruals		56,262		-
Total	$	1,161,443	$	738,649