Quarterly report pursuant to Section 13 or 15(d)

OTHER CURRENT ASSETS

v3.4.0.3
OTHER CURRENT ASSETS
 3 Months Ended
Mar. 31, 2016
Other Current Assets disclosure [Abstract]  
Other Current Assets [Text Block]
4.
OTHER CURRENT ASSETS
 
Other current assets consist of the following as of March 31, 2016 and December 31, 2015:
 
 
 
March 31,
2016
 
December 31,
2015
 
 
 
 
 
 
 
 
 
Other receivables, net of reserve of $150,000 as of March 31, 2016 and December 31, 2015
 
$
1,232,554
 
$
1,232,555
 
Security deposits and prepaid expenses
 
 
416,167
 
 
191,253
 
Pre-paid Cost (WIP)
 
 
873,062
 
 
623,798
 
TOTAL
 
$
2,521,783
 
$
2,047,606