5. Other Current Assets (Tables)

12 Months Ended

Dec. 31, 2012

Other Current Assets Tables

Other Current Assets

Note 5 – Other Current Assets

As of December 31, 2012 and 2011 other current assets included the following:

	December 31,		December 31,
	2012		2011
Deferred financing costs	$	17,032	$	1,861
Prepaid expenses		1,743		–
Inventoried supplies		–		1,000
Security deposits		3,252		8,252
	$	22,027	$	11,113

The Company recognized $25,849 and $1,772 of amortization expense related to the deferred financing costs during the years ended December 31, 2012 and 2011, respectively.