Prepaid Expenses and Other Current Assets

6 Months Ended

Jun. 30, 2016

Prepaid Expenses and Other Current Assets

Prepaid Expenses and Other Current Assets

(4) Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following as June 30, 2016and December 31, 2015:

	June 30,		December 31,
	2016		2015
Prepaid development expenses	$	1,666,975	$	1,211,668
Prepaid insurance		76,523		282,440
Other		25,496		51,809
Total prepaid expenses and other current assets	$	1,768,994	$	1,545,917

Included in prepaid development expenses above is research and grant revenue remitted to third-party research organizations of $0.8million and $0.8 million as ofJune 30, 2016 and December 31, 2015, respectively, that will be recognized as research projects progress and expenses are incurred.