Annual report pursuant to Section 13 and 15(d)

Prepaid Expenses & Other Current Assets

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Prepaid Expenses & Other Current Assets
12 Months Ended
Dec. 31, 2014
Prepaid Expenses & Other Current Assets [Text Block]

Note 5. Prepaid Expenses & Other Current Assets

Prepaid expenses consist primarily of prepayments made for various insurance policies, travel, rent, and other miscellaneous prepayments. Total prepaid expenses and other current assets reported on the accompanying consolidated balance sheets at December 31, 2014 and 2013, were approximately $0.2 million and $0.3 million, respectively.

One month of rent or approximately $30,000 represents the security deposit placed on the McLean, Virginia corporate offices. The security deposit at December 31, 2014 and 2013, is reported under the balance sheet caption prepaid expenses and other current assets.