Prepaid Expenses and Other Current Assets

9 Months Ended

Sep. 30, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses and Other Current Assets

Note 3 - Prepaid Expenses and Other Current Assets

Prepaid expenses consisted of the following:

	September 30, 2022		December 31, 2021
Insurance	$	24,953	$	30,666
Legal Fees		—		16,180
Deposit for equipment purchase		46,165		25,288
Deposit for leased equipment purchase		—		153,126
Total	$	71,118	$	225,260

In December 2021, the Company made a deposit of $153,126 to purchase equipment (included in prepaid expenses in the accompanying balance sheet). The remainder of the purchase price was to be financed through a long-term lease. Terms and finalization of the lease has not yet occurred, and the Company has requested a refund of its deposit from the initial lessor who did not follow through with lease financing based on their original lease proposal. In September 2022, the Company has established a reserve against this balance due to the uncertainty of realization.