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&lt;div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;
Note 6.&amp;#xA0;&amp;#xA0;Other Assets&lt;/font&gt;&lt;/div&gt;
&lt;div style="TEXT-INDENT: 0pt; DISPLAY: block"&gt;&lt;br /&gt;&lt;/div&gt;
&lt;div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Other
long-term assets at June 30, 2013 consist of legal costs incurred
from third parties in conjunction with the Merck
Agreement.&amp;#xA0;&amp;#xA0;These costs were capitalized and are
amortized to general and administrative expenses on the
consolidated statements of operations in conjunction with the
recognition of revenue on a straight-line basis over the exclusive
option period based on the term of the Phase IIb clinical trial in
SPMS. During the six months ended June 30, 2013, Opexa amortized
$17,782 of legal costs to general and administrative expenses on
the consolidated statements of operations.&amp;#xA0;&amp;#xA0;Opexa
included the current portion of the legal costs of $44,070 in other
current assets on the consolidated balance sheets and the long term
portion of the legal costs of $96,064 in other long-term assets on
the consolidated balance sheets as of June 30, 2013.&lt;/font&gt;&lt;/div&gt;
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