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Prepaid Expenses and Other Current Assets
 6 Months Ended
Jun. 30, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Current Assets

NOTE 6 – PREPAID EXPENSES AND OTHER CURRENT ASSETS

 

Prepaid expenses and other current assets consisted of the following at June 30, 2017 and December 31, 2016:

 

    June 30, 2017     December 31, 2016  
             
Prepayments to vendors   $ 1,069,381     $ 351,408  
Employee receivables     2,300       3,571  
Prepaid state and local taxes     3,455       16,385  
Prepaid and refundable income taxes     35,279       30,879  
Prepaid license and other     90,453       44,793  
                 
Prepaid expenses and other current assets   $ 1,200,868     $ 447,036  

 

Prepayments to vendors represent deposits made to vendors for purchases of inventories.