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PREPAID EXPENSES AND OTHER CURRENT ASSETS

12 Months Ended

Dec. 31, 2011

PREPAID EXPENSES AND OTHER CURRENT ASSETS

PREPAID EXPENSES AND OTHER CURRENT ASSETS

9 - PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consist of the following:

		December 31, 2011			December 31, 2010
Lubricant inventory and other stores		$	1,603,457		$	1,317,904
Prepaid items		729,911			696,532
Insurance receivable		15,965			325,240
Other		118,103			53,162
Total		$	2,467,436		$	2,392,838

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Disclosure of all information related to prepaid expenses and other current assets.

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