Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

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Prepaid Expenses and Other Current Assets
6 Months Ended
Jun. 30, 2011
Prepaid Expenses and Other Current Assets  
Prepaid Expenses and Other Current Assets
5. 
Prepaid Expenses and Other Current Assets
 
   
June 30,
2011
   
December 31,
2010
 
             
Deposits on contracts
  $ 243,846     $ 564,074  
Other assets
    242,252       142,575  
                 
    $ 486,098     $ 706,649  
 
Deposits on contracts consist of deposits on research and development contracts for services that had not been incurred as of the balance sheet date.  Other assets include prepaid general and administrative expenses, such as insurance, rent, and investor relations services.