Prepaid Expenses

9 Months Ended

Sep. 30, 2014

Prepaid Expenses

Prepaid Expenses

4. Prepaid Expenses

Prepaid expenses consist of the following:

	December 31, 2013		September 30, 2014
Prepaid clinical trial expense	$	—	$	1,877,434
Prepaid insurance	48,055		1,102,249
Other	98,649		67,245
Total prepaid expenses	$	146,704	$	3,046,928
Prepaid expenses, short-term	$	146,704	$	1,369,494
Prepaid expenses, long-term	—		1,677,434
Total prepaid expenses	$	146,704	$	3,046,928

Prepaid expenses, long-term represents non-refundable advances to the Company’s clinical research organization which will be applied against final invoices.