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
 9 Months Ended
Sep. 30, 2011
Prepaid Expenses and Other Current Assets  
Prepaid Expenses and Other Current Assets

 

5. 
Prepaid Expenses and Other Current Assets
 
   
September 30,
    
December 31,
  
   
2011
    
2010
  
             
Deposits on contracts
   $ 244,131     $ 564,074  
Other assets
     211,578       142,575  
                 
    $ 455,709     $ 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.