Quarterly report pursuant to Section 13 or 15(d)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.7.0.1
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Schedule of Cash and Restricted Cash
    June 30, 2017     December 31, 2016  
             
Cash   $ 956,917     $ 781,857  
Restricted cash     940,653       275,611  
Total cash and restricted cash shown in the statement of cash flows   $ 1,897,570     $ 1,057,468  
Schedule of property and equipment
    Useful Lives   June 30, 2017     December 31, 2016  
                 
Office furniture and equipment   3 years   $ 346,882     $ 340,472  
Laboratory and other equipment   5 years     321,071       321,071  
Tenant improvements   14 to 39 months     70,592       70,592  
          738,545       732,135  
Less: accumulated depreciation         (576,280 )     (489,433 )
        $ 162,265     $ 242,702