Annual report pursuant to Section 13 and 15(d)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule of Cash and Restricted Cash
    December 31, 2016     December 31, 2015  
Cash   $ 781,857     $ 518,462  
Restricted cash     275,611       –  
Total cash and restricted cash shown in the statement of cash flows   $ 1,057,468     $ 518,462  
Schedule of property and equipment
    Useful Lives   2016     2015  
Office furniture and equipment   3 years   $ 340,472     $ 323,265  
Tenant improvements   14 to 39 months     70,592       70,592  
Laboratory and other equipment   5 years     321,071       361,710  
          732,135       755,567  
Less: accumulated depreciation         (489,433 )     (315,952 )
        $ 242,702     $ 439,615