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Prepaid Expenses And Other
 12 Months Ended
Dec. 31, 2013
Prepaid Expenses And Other [Abstract]  
Prepaid Expenses And Other

4. PREPAID EXPENSES AND OTHER

 

Prepaid expenses and other current assets consisted of the following at December 31, 2013 and 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

 

2012

Prepaid insurance

$
409,790 

 

$
401,373 

Cash surrender value of life insurance

 
0 

 

 
456,452 

Other current assets

 
142,171 

 

 
119,485 

 

$
551,961 

 

$
977,310 

 

 

 

 

 

 

 

 

In January 2013, we surrendered a key-man whole life policy in favor of a term-life policy.  The aggregate net cash surrender value of the whole-life policy at December 31, 2012, as determined by the insurance carrier, was included in prepaid and other current assets.