Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expense, As Restated

v3.23.1
Prepaid Expense, As Restated
3 Months Ended
Mar. 31, 2022
Prepaid Expense As Restated  
Prepaid Expense, As Restated

6 Prepaid Expense, As Restated

 

As of March 31, 2022 and December 31, 2021, the Company had $1,721,874 and $434,699, respectively, in prepaid expenses and other current assets. The balance for the three-month period ending March 31, 2022 reflects approximately $1.4 million paid to third-party vendors for research and development to be completed, $0.3 million in prepaid insurance, and deposits of approximately $0.02 million.

 Schedule of Prepaids

    March 31, 2022     December 31,  
   

Restated

    2021  
Prepaid Expense    

1,703,934

      416,759  
Deposits    

17,940

     

17,940

 
Total     1,721,874       434,699