Other Current Assets and Other Long Term Assets

12 Months Ended

Dec. 31, 2023

Other Current Assets and Other Long Term Assets

Other Current Assets and Other Long Term Assets

6. Other Current Assets and Other Long Term Assets

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

	DECEMBER 31,		DECEMBER 31,
	2023		2022
Inventories	$	366,126	$	222,279
Prepaid insurance and other assets		717,545		713,699
Total other current assets	$	1,083,671	$	935,978

Other long term assets consisted of the following as of the periods presented below:

	DECEMBER 31,		DECEMBER 31,
	2023		2022
Security deposits	$	40,587	$	67,748
Capital work in progress		442,701		1,958,097
Other long term assets	$	483,288	$	2,025,845

Capitalized work in progress consists of internally developed software costs, primarily associated with upgrading our ITMS™ (Intelligent Technology Management System), secure identity management technology and secure network operations center of which $2.4 million was transferred from capital work in progress to internally developed software during the year ended December 31, 2023.