7. Accrued Expenses

12 Months Ended

Dec. 31, 2015

Accrued expenses consist of the following:

	December 31, 2015		December 31, 2014
Accrued payroll and benefits	$	625,289	$	67,120
Accrued professional fees		413,945		574,186
Accrued research costs		145,026		573,879
Accrued interest		77,857		–
Other		224,929		194,506
	$	1,487,046	$	1,409,691