Annual report pursuant to section 13 and 15(d)

PREPAID EXPENSES

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PREPAID EXPENSES
 12 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
PREPAID EXPENSES

Prepaid expenses consist of the following as of December 31, 2013 and 2012:

 

  2013   2012
Insurance $ 12,579     $ 8,096  
IT system   8,923       9,065  
Professional services   5,436       3,000  
Property taxes   3,325       —    
Inventory costs   2,520       2,005  
Regulatory compliance expenses   1,868       —    
Rent   175       —    
Other prepaid expenses   147       2,757  
Trade show expense   —         4,520  
     Total prepaid expenses $ 34,973     $ 29,443