Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2021

Prepaid Expenses and Other Current Assets [Abstract]

Prepaid Expenses and Other Current Assets

Note 3

Prepaid Expenses and Other Current Assets:

The Company’s prepaid expenses and other current assets consisted of the following as of December 31, 2020 and 2019:

	December 31,
	2021		2020
Vendor prepayments	$	37,538	$	27,380
VAT recoverable and other current assets		38,551		61,207
Prepaid insurance		187,446		-
Prepaid expenses		28,419		14,413
Total prepaid expenses and other current assets	$	291,954	$	103,000

The balance of the prepaid expenses and other current assets for the years ended December 31, 2021 and 2020, consisted mainly of some vendor prepayments and value added tax (“VAT”) recoverable.