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4. Other Long Term Assets
9 Months Ended
Sep. 30, 2014
Text Block [Abstract]  
Other Long Term Assets

Other long-term assets at September 30, 2014 and December 31, 2013 also include costs incurred from third parties in connection with the Merck Agreement (see Note 2) amount to $48,674 that are expected to be amortized beyond the upcoming 12-month period.

 

Other long term assets at December 31, 2013 include deferred offering costs of $103,636 which were incurred from third parties in connection with the implementation of a $15.0 million Purchase Agreement in November 2012 pursuant to which Opexa has the right to sell to Lincoln Park up to $15.0 million in shares of its common stock, subject to certain conditions and limitations. Because the termination date of this right to sell shares is within 12 months, the Company has reclassified this deferred offering cost from long term to current within the third quarter of 2014. (see Note 3)