Quarterly report pursuant to Section 13 or 15(d)

NOTE 5 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

v3.5.0.2
NOTE 5 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES
9 Months Ended
Sep. 30, 2016
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
NOTE 5 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses at September 30, 2016 and December 31, 2015 consist of the following:

 
 
September 30,
2016
   
December 31,
2015
 
Accrued accounting and legal
 
$
185,630
   
$
112,723
 
Accrued reimbursements
   
-
     
13,613
 
Accrued consulting
   
3,500
     
15,200
 
Accrued research and development expenses
   
177,577
     
34,179
 
Accrued office and other
   
7,190
     
31,482
 
Accrued payroll
   
35,835
     
-
 
Deferred rent
   
3,432
     
3,016
 
Accrued settlement related to arbitration
   
13,333
     
13,333
 
 
 
$
426,497
   
$
223,546