Prepaid expenses and Other current assets

9 Months Ended

Sep. 30, 2021

Prepaid expenses and Other current assets [Abstract]

Prepaid expenses and Other current assets

6. Prepaid expenses and other current assets:

Prepaid expenses and other current assets are analyzed as follows:

	September 30, 2021 (Unaudited)		December 31, 2020
VAT receivable	$	826,973	$	259,831
Grants receivable		597,155		95,064
Other current assets		520,007		140,126
Prepaid expenses		1,822,962		1,724
Total	$	3,767,096	$	496,745

Prepaid expenses as of September 30, 2021 mainly include prepayments to insurers for directors’ and officers’ insurance services for liabilities that may arise in their capacity as directors and officers of a public entity.