Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2011

Prepaid Expenses and Other Current Assets

Note 10 — Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following at December 31:

	2011		2010
Prepaid insurance	$	59,349	$	104,806
Prepaid fees and rent		28,202		24,929
Deposits and advances		563,436		418,808
Other Current Assets		44,580		61,866
	$	695,567	$	610,409

Deposits and advances consist primarily of payments to the Company’s raw materials suppliers and Angel® centrifuge manufacturers. Other Current Assets is exclusively made up of parts used to refurbish the Angel® centrifuges.