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PREPAID EXPENSES AND OTHER CURRENT ASSETS
3 Months Ended
Mar. 31, 2023
PREPAID EXPENSES AND OTHER CURRENT ASSETS  
PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 4    PREPAID EXPENSES AND OTHER CURRENT ASSETS

As of March 31, 2023 and December 31, 2022, prepaid expenses and other current assets consisted of the following:

    

March 31, 

    

December 31, 

    

2023

    

2022

Marketing and sponsorships

$

610,572

$

574,636

Compensation costs

250,000

375,000

Dues and subscriptions

120,224

75,889

Conferences and seminars

46,416

Deferred labor costs

34,402

34,402

Professional fees

24,467

25,787

Insurance

13,813

12,776

Vendor receivables

368,069

Research and development

62,329

Other

38,437

84,120

Total prepaid expenses and other current assets

$

1,138,331

$

1,613,008

Prepaid marketing and sponsorships shown in the table above includes $531,250 of prepaid marketing expenses pursuant to certain sponsorship agreements which will be amortized over the respective service periods of the agreements.