Quarterly report [Sections 13 or 15(d)]

Other Current Assets (Tables)

v3.25.1
Other Current Assets (Tables)
3 Months Ended
Mar. 31, 2025
Other Current Assets [Abstract]  
Schedule of Other Current Assets

Other current assets consist of the following:

 

    March 31,
2025
    December 31,
2024
 
Prepaid insurance   $ 703,971     $ 871,856  
Advance to vendors     1,094,501       1,001,818  
Contract asset     1,925,345       205,911  
VAT input credit     353,262       52,375  
Prepaid software subscriptions     1,193,811       85,441  
Other prepaid expenses and current assets     253,061       258,955  
Total other current assets   $ 5,523,951     $ 2,476,356