WaveDancer, Inc. Annual report pursuant to Section 13 and 15(d)

Note 12 - Financial Statement Captions

12 Months Ended

Dec. 31, 2019

12.

Financial Statement Captions

The following table summarizes the Company’s prepaid expenses and other current assets as of

December 31, 2019

and

2018:

	2019		2018
Deferred costs of software sales	$	453,607	$	294,115
Other		25,708		37,609
Prepaid insurance		20,791		15,499
Credit with software supplier		57		37,557
Prepaid rent		-		8,753
Total	$	500,163	$	393,533

The following table summarizes the Company’s other current liabilities as of

December 31, 2019

and

2018:

	2019		2018
Accrued accounting and auditing expense	$	47,000	$	48,750
Other		7,257		19,235
Accrued costs of software sales		-		13,500
Total	$	54,257	$	81,485