Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

v3.22.2.2
Prepaid Expenses and Other Current Assets
 9 Months Ended
Sep. 30, 2022
Prepaid Expenses and Other Current Assets [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 4 – PREPAID EXPENSES AND OTHER CURRENT ASSETS

 

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

 

    September 30,     December 31,  
    2022     2021  
Insurance   $ 378,009     $ 2,151,487  
Research and development expense tax credit receivable     601,265       644,513  
Insurance claims receivable (1)     1,836,940      
-
  
Professional fees     38,311       80,783  
Value-added tax receivable     46,059       24,411  
Taxes     25,618       25,634  
Other    
-
       49,755  
    $ 2,926,202     $ 2,976,583  

 

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