Quarterly report pursuant to Section 13 or 15(d)

PREPAYMENTS AND OTHER ASSETS

v3.22.2.2
PREPAYMENTS AND OTHER ASSETS
9 Months Ended
Sep. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAYMENTS AND OTHER ASSETS

NOTE 4 – PREPAYMENTS AND OTHER ASSETS

 

Prepayments and other assets are comprised of prepayments paid to vendors to initiate orders and prepaid services and fees. The prepaid balances are summarized as follows:

 

                 
    September 30, 2022     December 31, 2021  
Vendor prepayments   $ 3,317,075     $ 10,652,962  
Prepaid services and fees     1,485,170       587,505  
Other assets     50,017       7,799  
Prepayments and other assets   $ 4,852,262     $ 11,248,266