OTHER CURRENT ASSETS

12 Months Ended

Dec. 31, 2022

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

OTHER CURRENT ASSETS

6. OTHER CURRENT ASSETS

Other current assets consist of the following at December 31, 2022 and December 31, 2021:

	December 31, 2022		December 31, 2021
Advances for inventory purchases	$	330,967	$	6,999,955
Prepaid insurance		735,934		-
Deposits		90,578		-
Prepaid software deposit		242,200		-
Other		36,466		81,738
Total other current assets	$	1,436,145	$	7,081,693

As of December 31, 2022 and 2021, the Company had deposits with a vendor, Wattum Management, Inc., of $0 and $6,999,955, respectively, related to a contract for the delivery of mining equipment. Wattum Management, Inc. is a partner in CW Machines, LLC.