Annual report pursuant to Section 13 and 15(d)

Other Current Assets

v3.7.0.1
Other Current Assets
 12 Months Ended
Dec. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets

4. OTHER CURRENT ASSETS

 

Other current assets consist of the following:

 

    For Year Ended  
    December 31, 2016     December 31, 2015     September 30, 2015  
Other receivables, net   $ 1,232,555     $ 1,232,555     $ 669,198  
Prepaid contract costs for work in process     409,038       623,798       593,711  
Prepaid operating expenses     1,191,718       191,253       789,674  
    $ 2,833,311     $ 2,047,606     $ 2,052,583  

 

Other receivables are presented net of an allowance of $150,000, $150,000 and $772,798 for uncollectible amounts at December 31, 2016 December 31, 2015, and September 30, 2015, respectively.