COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($) |
3 Months Ended | 12 Months Ended | ||||
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Aug. 06, 2013 |
Mar. 31, 2015 |
Mar. 31, 2014 |
Dec. 31, 2014 |
Dec. 31, 2013 |
Dec. 31, 2011 |
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Operating Leased Assets [Line Items] | ||||||
Operating Leases, Rent Expense, Net | $ 19,015 | $ 5,400 | $ 21,600 | $ 25,200 | ||
Licensing Agreements [Member] | ||||||
Operating Leased Assets [Line Items] | ||||||
Milestone Payment | $ 765,000 | $ 765,000 | ||||
Maintenance fees for First Five Years | 80,000 | |||||
Annual Maintenance fees after First Five Years | $ 50,000 | |||||
Royalty percentage | 2.00% | 2.00% | ||||
Minimum Royalty Expense | $ 75,000 | $ 75,000 | ||||
Royalty Percentage Payment Terms | The Company is required to pay The Regents royalties ranging from 8% of worldwide sublicense sales of covered products (if the sublicense is entered after commencement of phase II clinical trials to 12% of worldwide sublicense sales (if the sublicense is entered prior to commencement of phase I clinical trials). | |||||
Initial; License Fee | $ 10,000 | |||||
Laboratory Space [Member] | ||||||
Operating Leased Assets [Line Items] | ||||||
Operating Leases, Rent Expense, Net | $ 5,700 |
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- Definition Amount of Annual Maintenance fees after First Five Years. No definition available.
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- Definition Amount of Maintenance fees for First Five Years. No definition available.
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- Definition Amount of maintenance. No definition available.
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- Definition Represents percentage of royalty. No definition available.
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- Definition It represents the royalty percentage payment terms of the business activity during the year. No definition available.
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- Definition Costs incurred and are directly related to generating license revenue. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense related to royalty payments under a contractual arrangement such as payment for mineral and drilling rights and use of technology or intellectual property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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