SIGNIFICANT ACCOUNTING POLICIES: Prepaid Expenses and Deposits- (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Prepaid Expenses and Deposits-

Prepaid Expenses and Deposits

The components of the Company’s prepaid expenses as of December 31, are as follows:

 

.

 

2012

 

 

2011

 

Consulting fees (term 1-9 months)

 

$

696,868

 

 

$

440,038

 

Royalties (term as earned per contract)

 

 

-

 

 

 

68,213

 

Insurance (term 11 months)

 

 

42,555

 

 

 

29,000

 

Deposits (term 1 month)

 

 

182,494

 

 

 

3,000

 

Total prepaid expenses

 

$

921,917

 

 

$

540,251