5. Prepaid Expenses and Other Current Assets (Tables)

12 Months Ended

Dec. 31, 2015

Liabilities extinguished

Prepaid balances

Prepaid expenses and other current assets consisted of the following:

	December 31,
	2015		2014
Prepaid related party operating expenses	$	624,570	$	-
Prepaid insurance		315,120		156,558
Unrealized hedging gains		-		495,900
Prepaid professional fees		-		104,000
Prepaid listing fees		-		15,000
	$	939,690	$	771,458