Quarterly report pursuant to Section 13 or 15(d)

Other Current Assets

v3.7.0.1
Other Current Assets
3 Months Ended
Mar. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets

3. OTHER CURRENT ASSETS

 

Other current assets consist of the following as of March 31, 2017 and December 31, 2016:

 

    March 31, 2017     December 31, 2016  
             
Other receivables, net of reserve of $150,000 as of March 31, 2017 and December 31, 2016   $ 1,232,554     $ 1,232,555  
Prepaid contract costs for work in process     322,816       409,038  
Prepaid consulting fees     331,619       -  
Prepaid operating expenses     1,762,058       1,191,718  
TOTAL   $ 3,649,047     $ 2,833,311