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OTHER CURRENT ASSETS | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2012 | Dec. 31, 2011
Other Current Assets |  |
OTHER CURRENT ASSETS | NOTE 5 – 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 |
| NOTE F – OTHER CURRENT ASSETS Other current assets consist of the following:
|  | December 31, |
|  | 2011 |  |  | 2010 |
Deposits with vendors |  | $ | 300,503 |  |  | $ | -0- |
Prepaid consulting |  |  | 95,962 |  |  |  | -0- |
Prepaid insurance |  |  | 52,611 |  |  |  | 6,292 |
Prepaid guaranty costs |  |  | 46,984 |  |  |  | -0- |
TOTAL OTHER CURRENT ASSETS |  | $ | 496,060 |  |  | $ | 6,292 |

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