Quarterly report pursuant to Section 13 or 15(d)

Other Current Assets

v3.5.0.2
Other Current Assets
 9 Months Ended
Sep. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets

4. OTHER CURRENT ASSETS

 

Other current assets consist of the following as of September 30, 2016 and December 31, 2015: 

 

    September 30, 2016     December 31, 2015  
             
Other receivables, net of reserve of $150,000 as of September 30, 2016 and December 31, 2015   $ 1,306,781     $ 1,232,555  
Security deposits     82,489       69,805  
Prepaid expenses     654,060       121,448  
Prepaid consultants fees     291,200       -  
Pre-paid Cost (Work in Process)     495,259       623,798  
TOTAL   $ 2,829,789     $ 2,047,606