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PREPAID EXPENSES
12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Prepaid Expenses

Note 3 –Prepaid Expenses

 

As of December 31, 2016 and 2015, the Company had prepaid insurance totaling $33,436 and $29,870 respectively. The prepaid insurance will be expensed on a straight line basis over the remaining life of the insurance policies. During the years ended December 31, 2016 and 2015, the Company recorded $87,788 and $115,410 of insurance expenses. As of December 31, 2016 and 2015, the Company had a prepaid deposit of $5,000 and $5,000 respectively for leased office space.