Annual report pursuant to section 13 and 15(d)

PREPAID EXPENSES

v2.4.0.6
PREPAID EXPENSES
 12 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
PREPAID EXPENSES

 

Prepaid expenses consist of the following as of December 31, 2012 and 2011:

 

    2012   2011
IT system   $ 9,065     $ 6,129  
Insurance     8,096       18,371  
Trade show expense     4,520       13,557  
Professional services     3,000       7,500  
Other prepaid expenses     2,757       1,145  
Inventory costs     2,005       —  
Property taxes     —       588  
Rent     —       10,360  
Total prepaid expenses   $ 29,443     $ 57,650