Quarterly report [Sections 13 or 15(d)]

Prepaid expense and Other current assets (Tables)

v3.26.1
Prepaid expense and Other current assets (Tables)
6 Months Ended
Jun. 30, 2026
Prepaid Expense And Other Current Assets  
Schedule of Prepaid Expense and Other Current Assets

As of June 30, 2026 and December 31, 2025, prepaid expense and other current assets are as follows:

  

    June 30,     December 31,  
    2026     2025  
Prepaid insurance   $ 213,222     $ 277,899  
Prepaid components     186,750       1,418,393  
Prepaid satellite services & licenses     3,378,444       2,724,513  
Prepaid software     197,066       205,459  
Other current assets     305,575       353,114  
Total   $ 4,281,057     $ 4,979,378  
Schedule of Financing Interest expense

During the three and six months ended June 30, 2026 and 2025, the Company recorded interest expense related to financing of our prepaid insurance policies as follows:

   

                 
   

Three months ended

June 30,

   

Six months ended

June 30,

 
    2026     2025     2026     2025  
Interest expense   $ 879     $ 2,546     $ 1,758     $ 8,008