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
 3 Months Ended
Mar. 31, 2012
Prepaid Expenses and Other Current Assets  
Prepaid Expenses and Other Current Assets
4. 
Prepaid Expenses and Other Current Assets
 
   
March 31,
    
December 31,
  
   
2012
    
2011
  
             
Deposits on contracts
   $ 109,717     $ 163,317  
Other assets
     177,535       169,854  
                 
    $ 287,252     $ 333,171  
 
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.