OTHER CURRENT ASSETS (Tables)

9 Months Ended

Sep. 30, 2012

Other Current Assets Tables

Schedule of Other Current Assets

Other current assets consist of the following:

	September 30, 2012		December 31, 2011
Prepaid consulting	$	449,225	$	95,962
Deposits with vendors (Note 15)		331,702		300,503
Prepaid insurance		40,941		52,611
Prepaid guaranty costs		20,575		46,984
Deferred offering costs		8,398		-0-
Other prepaid costs		998		-0-
TOTAL OTHER CURRENT ASSETS	$	851,839	$	496,060