Prepaid Expenses

9 Months Ended

Sep. 30, 2015

Prepaid Expenses

Prepaid Expenses

4. Prepaid Expenses

Prepaid expenses consist of the following:

	September 30, 2015		December 31, 2014
Prepaid clinical trial expense	$	1,751,051	$	1,677,434
Prepaid insurance	1,130,205		761,842
Other	130,494		41,933
Total prepaid expenses	$	3,011,750	$	2,481,209

Prepaid expenses, short-term	$	1,260,699	$	803,775
Prepaid expenses, long-term	1,751,051		1,677,434
Total prepaid expenses	$	3,011,750	$	2,481,209

Prepaid expenses, long-term represents non-refundable advances to the Company’s clinical research organization which will be applied against final invoices in accordance with the contractual terms of the arrangement.