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Prepaid Expenses, Other Current Assets, and Other Assets
3 Months Ended
Mar. 31, 2017
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]  
Prepaid Expenses, Other Current Assets, and Other Assets

6.

Prepaid Expenses, Other Current Assets, and Other Assets

Prepaid expenses and other current assets and other assets consisted of the following as of March 31, 2017 and December 31, 2016:

 

 

 

March 31,

December 31,

 

 

 

2017

 

 

2016

 

Prepaid expenses

 

$

1,578

 

 

$

1,085

 

Security Deposits

 

 

2,099

 

 

 

2,099

 

Interest receivable on marketable securities

 

 

629

 

 

 

605

 

Employee advances

 

 

1

 

 

 

1

 

Total prepaid expenses and other current assets

 

$

4,307

 

 

$

3,790

 

 

On December 1, 2016, Flexion paid a refundable NDA fee in the amount of $2,038,100 to the FDA. The Company evaluated each of the published criteria to qualify for a waiver and concluded all criteria were met and thus, obtaining a refund of the fee was probable. As of March 31, 2017 and December 31, 2016 the NDA fee was classified as a deposit in other current assets.  On April 20, 2017 we were informed by the FDA that our NDA fee waiver was approved and the NDA fee would be refunded.