Prepaid Expenses And Other Current Assets

3 Months Ended

Mar. 31, 2014

Prepaid Expenses And Other Current Assets [Abstract]

Prepaid Expenses And Other Current Assets

4. Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

	March 31, 2014	December 31, 2013
Prepaid expenses	$        689,724	$       591,305
Deferred cost of revenue	86,267	72,699
Deferred financing costs	552,826	622,949
Deposits	600,259	658,253
Total prepaid expenses and other current assets	$     1,929,076	$    1,945,206

Deferred cost of revenue represents the cost of systems for which title has transferred from the Company but for which revenue has not been recognized.