Annual report pursuant to Section 13 and 15(d)

NOTE 5 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

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NOTE 5 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES
12 Months Ended
Dec. 31, 2014
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 December 31, 2014 and 2013 consist of the following:

 
 
2014
 
 
2013
 
Accrued accounting and legal
 
$
190,767
 
 
$
300,893
 
Accrued reimbursements
 
 
26,792
 
 
 
17,797
 
Accrued consulting
 
 
16,334
 
 
 
214,481
 
Accrued research and development expenses
 
 
93,407
 
 
 
64,670
 
Accrued credit card obligations
 
 
13,278
 
 
 
20,425
 
Accrued payroll
 
 
62,068
 
 
 
35,896
 
Accrued liquidated damages
 
 
55,620
 
 
 
48,668
 
Accrued office and other
 
 
29,093
 
 
 
16,500
 
Accrued settlement related to arbitration
 
 
66,667
 
 
 
100,000
 
 
 
$
554,026
 
 
$
819,330