Annual report pursuant to Section 13 and 15(d)

Note 17 - Financial Statement Captions

v3.24.1
Note 17 - Financial Statement Captions
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Supplemental Balance Sheet Disclosures [Text Block]

Note 17.        Financial Statement Captions

 

The following table summarizes the Company’s prepaid expenses and other current assets as of December 31, 2023 and 2022:

 

   

2023

   

2022

 

Deferred costs of revenue

  $ 87,988     $ 156,719  

Stock issuance costs

    -       150,000  

Prepaid insurance

    116,496       96,168  

Licenses and subscriptions

    59,322       39,558  

Other

    3,545       -  

Total

  $ 267,351     $ 442,445  

 

The following table summarizes the Company’s other current liabilities as of December 31, 2023 and 2022:

 

   

2023

   

2022

 

Legal and professional fees

  $ 242,240     $ 190,200  

Cost of professional services

    -       45,762  

Cost of software sales

    -       19,180  

Directors' fees

    21,250       -  

Interest expense

    3,403       1,195  

Other

    711       27,160  

Total

  $ 267,604     $ 283,497