Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

v3.22.2
Prepaid Expenses and Other Current Assets
 6 Months Ended
Jun. 30, 2022
Disclosure Text Block Supplement [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 4 – PREPAID EXPENSES AND OTHER CURRENT ASSETS

 

Prepaid expenses consist of the following as of June 30, 2022 and December 31, 2021:

 

    June 30,     December 31,  
    2022     2021  
Insurance   $ 892,147     $ 2,151,487  
Research and development expense tax credit receivable     417,246       644,513  
Insurance claims receivable (1)     1,516,963      
-
  
Professional fees     83,685       80,783  
Value-added tax receivable     75,162       24,411  
Taxes     25,634       25,634  
Other     11,068       49,755  
    $ 3,021,905     $ 2,976,583  

 

(1) See Note 8 – Commitments and Contingencies – Legal Matters.