Amortization of prepaid license fees is included in general and administrative expenses as reflected in the accompanying consolidated statements of operations. Amortization expense for the quarter ended March 31, 2015 was $55,555. Prepaid license fees – current and long-term portion amounted to $222,222 and $1,931,900 at March 31, 2015, respectively, and are included in prepaid expenses. Future amortization of prepaid license fees is as follows: