Quarterly report pursuant to Section 13 or 15(d)

Prepaid expense and Other current assets

v3.22.2
Prepaid expense and Other current assets
 6 Months Ended
Jun. 30, 2022
Prepaid Expense And Other Current Assets  
Prepaid expense and Other current assets

Note 4. Prepaid expense and Other current assets

 

As of June 30, 2022 and December 31, 2021, prepaid expense and other current assets are as follows;

                 
    June 30, 2022     December 31, 2021  
Prepaid insurance   $ 742,597     $ 1,520,016  
Prepaid components     1,266,225       -  
Other prepaid expense     277,876       68,178  
VAT receivable     6,550       6,905  
Total   $ 2,293,248     $ 1,595,099  

 

 

During the six months ended June 30, 2022 and 2021, the Company recorded interest expense of $12,001 and $0 related to financing of our prepaid insurance policies.