Quarterly report pursuant to sections 13 or 15(d)

3. Prepaid Expenses and Other Current Assets

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3. Prepaid Expenses and Other Current Assets
3 Months Ended
Mar. 31, 2014
Notes to Financial Statements  
3. Prepaid Expenses and Other Current Assets

3.     Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following at March 31, 2014 and December 31, 2013:

 

    March 31, 2014     December 31, 2013  
    (unaudited)        
Prepaid insurance   $ 123,706     $ 63,737  
Due from purchaser of accounts receivable     185,780       236,232  
Escrowed funds – senior lenders     2,000,000       2,000,000  
Other prepaid expenses     515,188       404,818  
Total   $ 2,824,674     $ 2,704,787