Quarterly report [Sections 13 or 15(d)]

Prepaid expense and Other current assets

v3.25.2
Prepaid expense and Other current assets
 6 Months Ended
Jun. 30, 2025
Prepaid Expense And Other Current Assets  
Prepaid expense and Other current assets

Note 4. Prepaid expense and Other current assets

 

As of June 30, 2025 and December 31, 2024, prepaid expense and other current assets are as follows:

 

    June 30,     December 31,  
    2025     2024  
Prepaid insurance   $ 181,691     $ 374,480  
Prepaid components     1,753,568       528,000  
Prepaid satellite services & licenses     1,953,366       2,353,757  
Prepaid software     150,195       82,440  
Other current assets     116,578       90,979  
Total   $ 4,155,398     $ 3,429,656  

 

During the six months ended June 30, 2025 and 2024, the Company recorded interest expense of $8,008 and $6,950 respectively, related to cash paid for interest from financing of our prepaid insurance policies.