Prepaid expense and Other current assets

3 Months Ended

Mar. 31, 2023

Prepaid Expense And Other Current Assets

Prepaid expense and Other current assets

Note 4. Prepaid expense and Other current assets

As of March 31, 2023 and December 31, 2022, prepaid expense and other current assets are as follows:

	March 31,		December 31,
	2023		2022
Prepaid insurance	$	716,789	$	994,450
Prepaid components		1,032,038		950,679
Prepaid satellite services & licenses		2,723,946		1,367,125
Prepaid software		108,500		107,000
Other current assets		16,378		57,494
	$	4,597,651	$	3,476,748

During the three months ended March 31, 2023 and 2022, the Company recorded interest expense of $6,325 and $5,875 related to financing of our prepaid insurance policies.