Prepaid expense and Other current assets
|9 Months Ended|
Sep. 30, 2022
|Prepaid Expense And Other Current Assets|
|Prepaid expense and Other current assets||
Note 4. Prepaid expense and Other current assets
As of September 30, 2022 and December 31, 2021, prepaid expense and other current assets are as follows:
Schedule of Prepaid Expense and Other Current Assets
During the nine months ended September 30, 2022 and 2021, the Company recorded interest expense of $18,128 and $0 related to financing of our prepaid insurance policies.
As of September 30, 2022 and December 31, 2021, other prepaid expense included software subscriptions of $109,000 and $23,000, down payment on new machinery of $53,000 and $0, prepaid rent of $25,000 and $25,000, property insurance of $0 and $19,000, and license fees of $23,000 and $0, respectively.