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PREPAID EXPENSES AND OTHER CURRENT ASSETS
3 Months Ended
Mar. 31, 2022
PREPAID EXPENSES AND OTHER CURRENT ASSETS  
PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 3    PREPAID EXPENSES AND OTHER CURRENT ASSETS

As of March 31, 2022 and December 31, 2021, prepaid expenses and other current assets consisted of the following:

    

March 31, 

    

December 31, 

    

2022

    

2021

Marketing

$

992,631

$

10,231

Inventory deposits

593,686

309,688

Other

121,032

31,074

Deferred labor costs

101,868

84,324

Professional fees

79,379

65,118

Insurance

29,415

69,925

Total prepaid expenses

$

1,918,011

$

570,360

Includes $958,188 of prepaid marketing expenses pursuant to certain sponsorship agreements which will be amortized over the respective service periods of the agreements. See Note 9 – Commitments and Contingencies.