Quarterly report [Sections 13 or 15(d)]

Prepaid expense and Other current assets

v3.26.1
Prepaid expense and Other current assets
3 Months Ended
Mar. 31, 2026
Prepaid Expense And Other Current Assets  
Prepaid expense and Other current assets

Note 4. Prepaid expense and Other current assets

 

As of March 31, 2026 and December 31, 2025, prepaid expense and other current assets are as follows:

 

    March 31,     December 31,  
    2026     2025  
Prepaid insurance   $ 175,356     $ 277,899  
Prepaid components     731,660       1,418,393  
Prepaid satellite services & licenses     2,671,656       2,724,513  
Prepaid software     351,312       205,459  
Other current assets     207,374       353,114  
Total   $ 4,137,358     $ 4,979,378  

 

During the three months ended March 31, 2026 and 2025, the Company recorded interest expense of $879 and $5,462 related to financing of our prepaid insurance policies.