Annual report pursuant to Section 13 and 15(d)

PREPAID EXPENSES

v3.3.1.900
PREPAID EXPENSES
 12 Months Ended
Dec. 31, 2015
Prepaid Expense And Other Assets [Abstract]  
PREPAID EXPENSES

NOTE 4. PREPAID EXPENSES

Prepaid expenses consisted of the following as of December 31, 2015 and 2014:

 

 

 

2015

 

 

2014

 

Regulatory compliance expenses

 

$

39,097

 

 

$

—

 

IT system

 

 

19,041

 

 

 

9,304

 

Insurance

 

 

13,408

 

 

 

16,612

 

Dues & subscriptions

 

 

10,859

 

 

 

14,562

 

Professional services

 

 

7,792

 

 

 

21,863

 

Travel

 

 

7,780

 

 

 

8,587

 

Trade show expense

 

 

6,000

 

 

 

7,000

 

Rent

 

 

1,989

 

 

 

1,989

 

Other prepaid expenses

 

 

372

 

 

 

523

 

Total prepaid expenses

 

$

106,338

 

 

$

80,440