Annual report pursuant to Section 13 and 15(d)

Note 15 - Financial Statement Captions

v3.22.1
Note 15 - Financial Statement Captions
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Supplemental Balance Sheet Disclosures [Text Block]

Note 15. Financial Statement Captions

 

The following table summarizes the Company’s prepaid expenses and other current assets as of December 31, 2021 and 2020:

 

   

2021

   

2020

 

Deferred costs of software sales

  $ 154,218     $ 47,907  

Deferred direct cost of pending deliverables

    -       41,161  

Licenses and subscriptions

    43,146       22,840  

Prepaid insurance

    72,800       26,072  

Other

    6,826       4,790  

Total

  $ 276,990     $ 142,770  

 

The following table summarizes the Company’s other current liabilities as of December 31, 2021 and 2020:

 

   

2021

   

2020

 

Legal and professional fees

  $ 144,486     $ -  

Cost of software sales

    7,652       46,078  

Other

    50,940       8,196  

Total

  $ 203,078     $ 54,274