Accounts Payable and Accrued Expenses

12 Months Ended

Dec. 31, 2012

Accounts Payable and Accrued Expenses [Abstract]

Accounts Payable and Accrued Expenses

4. Accounts Payable and Accrued Expenses

The Company’s management is required to estimate accrued expenses as part of the process of preparing financial statements. Accrued expenses include professional service fees for legal services, accounting and tax services and regulatory reporting services.

	December 31, 2012		December 31, 2011
Research and development expenses	$	1,339,851	$	1,316,095
Professional fees		735,990		715,672
General and administrative expenses		121,554		99,746
Compensation related expenses		81,003		78,716
	$	2,278,398	$	2,210,229