Annual report pursuant to Section 13 and 15(d)

11. Financial Statement Captions

v3.7.0.1
11. Financial Statement Captions
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
11. Financial Statement Captions

The following table summarizes the Company’s prepaid expenses and other current assets as of December 31, 2016 and 2015:

 

    2016     2015  
Deferred costs of software sales   $ 596,724     $ 563,036  
Prepaid rent     8,883       8,624  
Prepaid insurance     13,774       13,633  
ISO 9001     18,166       -  
Other     26,009       18,047  
                 
Total   $ 663,556     $ 603,340  

 

The following table summarizes the Company’s other current liabilities as of December 31, 2016 and 2015:

 

    2016     2015  
Accrued costs of software sales   $ 337,560     $ 8,432  
Accrued accounting and auditing expense     46,500       48,750  
Other     12,021       17,290  
                 
Total   $ 396,081     $ 74,472