Other Current Assets and Accrued Expenses

6 Months Ended

Jun. 30, 2021

Other Current Assets and Accrued Expenses

5. Other Current Assets and Accrued Expenses

5. Other Current Assets and Accrued Expenses

Other current assets consisted of the following as of the dates presented below:

	JUNE 30,		DECEMBER 31,
	2021		2020
	(Unaudited)
Inventories	$	1,101,596	$	990,976
Prepaid rent, insurance and other assets		791,795		772,657
Total other current assets	$	1,893,391	$	1,763,633

Accrued expenses consisted of the following as of the dates presented below:

	JUNE 30,		DECEMBER 31,
	2021		2020
	(Unaudited)
Carrier service costs	$	9,763,550	$	11,832,170
Salaries and payroll taxes		1,559,588		2,774,138
Inventory purchases, consultants and other costs		1,068,643		1,004,303
Other		55,422		15,702
	$	12,447,203	$	15,626,313

During the year ended December 31, 2020, the Company exercised the option to defer payment of the employer portion of the Social Security tax, with 50% to be repaid by December 31, 2021 and the remainder by December 31, 2022 pursuant to the Coronavirus Aid, Relief and Economic Security ("CARES") Act. The Company has included the deferred payment of $246,037 due by December 31, 2022 in other liabilities in the consolidated balance sheet.