Annual report pursuant to Section 13 and 15(d)

Prepaid Expenses and Other Current Assets

v3.22.1
Prepaid Expenses and Other Current Assets
 12 Months Ended
Dec. 31, 2021
Prepaid Expenses and Other Current Assets [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 5 - PREPAID EXPENSES AND OTHER CURRENT ASSETS

 

Prepaid expenses consist of the following as of December 31, 2021 and 2020:

 

    December 31,  
    2021     2020  
Insurance   $ 2,151,487     $ 1,003,271  
Research and development expense tax credit receivable     644,513       409,470  
Professional fees     80,783       104,080  
Value-added tax receivable     24,411       37,751  
Taxes     25,634       37,424  
Other     49,755       14,418  
    $ 2,976,583     $ 1,606,414