Prepaid Expenses, Accrued Expenses, Other Current Assets and Liabilities

9 Months Ended

Sep. 30, 2017

Prepaid Expenses, Accrued Expenses, Other Current Assets and Liabilities [Abstract]

PREPAID EXPENSES, ACCRUED EXPENSES, OTHER CURRENT ASSETS AND LIABILITIES

NOTE 7 – PREPAID EXPENSES, ACCRUED EXPENSES, OTHER CURRENT ASSETS AND LIABILITIES

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of various payments that the Company has made in advance for goods or services to be received in the future. Prepaid expenses and other current assets at September 30, 2017 and December 31, 2016 consisted of the following:

(In thousand $)	September 30, 2017		December 31, 2016
Prepaid insurance	$	125	$	27
Prepaid inventory purchases		158		1
Prepaid consulting & other		217		57
Total prepaid expenses and other current assets	$	500	$	85

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of estimated future payments that relate to the current and prior accounting periods. Management reviews these estimates regularly to determine their reasonableness. Accrued expenses and other current liabilities at September 30, 2017 and December 31, 2016 consisted of the following:

(In thousand $)	September 30, 2017		December 31, 2016
Advertising and promotional expenses	$	171	$	171
Insurance financing		93		-
Professional fees		61		88
Payroll related expenses		24		62
Deferred rent		19		40
Total accrued expenses and other current liabilities	$	368	$	361