NOTE 5 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

12 Months Ended

Dec. 31, 2014

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