Annual report pursuant to Section 13 and 15(d)

Prepaid Expenses and Other Current Assets

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Prepaid Expenses and Other Current Assets
12 Months Ended
Dec. 31, 2011
Prepaid Expenses and Other Current Assets  
Prepaid Expenses and Other Current Assets
5. 
Prepaid Expenses and Other Current Assets
 
   
December 31,
   
December 31,
 
   
2011
   
2010
 
             
Deposits on contracts
  $ 163,317     $ 564,074  
Other assets
    169,854       142,575  
                 
    $ 333,171     $ 706,649  

Deposits on contracts consist of deposits on research and development contracts for services that have not yet been incurred.  Other assets include prepaid general and administrative expenses such as insurance, rent, and consulting services.