Quarterly report pursuant to sections 13 or 15(d)

3. Prepaid Expenses and Other Current Assets (Tables)

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3. Prepaid Expenses and Other Current Assets (Tables)
 3 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
Prepaid expenses and other current assets

Prepaid expenses and other current assets consist of the following at March 31, 2013 and December 31, 2012:

 

    March 31, 2013     December 31, 2012  
    (unaudited)        
Prepaid insurance   $ 132,016     $ 44,390  
Due from purchaser of accounts receivable     303,167       648,428  
Other prepaid expenses     220,376       308,631  
Total   $ 655,559     $ 1,001,449