Prepaid Expenses and Other Current Assets

6 Months Ended

Jun. 30, 2015

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses and Other Current Assets

6. Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

	June 30, 2015		December 31, 2014
	(Unaudited)
Cost of website development and hosting	$	14,659	$	47,760
Prepaid consulting services		-		27,713
Deposits		1,000		1,000
Total	$	15,659	$	76,473

Amortization of website development and hosting totaled $19,091 and $3,537 for the three months ended June 30, 2015 and 2014, respectively.

Amortization of website development and hosting totaled $46,988 and $7,428 for the six months ended June 30, 2015 and 2014, respectively

The prepaid costs related to website development and hosting are the upfront charges for set up, delivery and hosting of Seaniemac branded gaming website; amortization of these costs began in May 2013 and will be amortized over three years.

On March 17, 2014, the Company entered into a one year Consulting and Representation Agreement with Corporate Ads, LLC in exchange for 650,000 shares of the Company plus $10,000. The shares were valued at $35,750 based upon the closing price of the Company’s stock on March 17, 2014 of $0.055 per share. The total amount of $45,750 was included in prepaid consulting services and is being amortized over the one-year term. Amortization of $0 and $11,439 was recorded for the three months ended June 30, 2015 and 2014, respectively. Amortization of $9,531 and $13,345 was recorded for the six months ended June 30, 2015 and 2014, respectively.