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
6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
3. Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following at June 30, 2012 and December 31, 2011:

 

    June 30, 2012     December 31, 2011  
    (unaudited)        
                 
Prepaid insurance   $ 80,031     $ 47,562  
Due from purchaser of accounts receivable     401,817       261,437  
Other prepaid expenses     48,122       79,344  
Total   $ 529,970     $ 388,343