Quarterly report pursuant to Section 13 or 15(d)

Prepaid expense and Other current assets

v3.22.1
Prepaid expense and Other current assets
 3 Months Ended
Mar. 31, 2022
Prepaid Expense And Other Current Assets  
Prepaid expense and Other current assets

Note 4. Prepaid expense and Other current assets

 

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

 

    March 31,     December 31,  
    2022     2021  
             
Prepaid insurance   $ 1,105,466     $ 1,520,016  
Other prepaid expense     904,135       68,178  
VAT receivable     6,000       6,905  
Total   $ 2,015,601     $ 1,595,099  

 

During the three months ended March 31, 2022 and 2021, the Company recorded interest expense of $5,875 and $0 related to financing of our prepaid insurance policies.