Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Prepaid Expenses

Note 11 - Prepaid Expenses
9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Prepaid Expenses [Text Block]

Note 11. Prepaid Expenses


Prepaid expenses current and long term amounted to approximately $866,000 and $49,000, respectively at September 30, 2023, as compared to $46,000 and $49,000, respectively at December 31, 2022. Prepaid expenses include prepayments in cash for accounting fees, public company expenses, insurance, which are being amortized over the terms of their respective agreements, as well as cost associated with certain contract liabilities. The current portion consists of costs paid for future services which will occur within a year.


The increase in prepaid expenses was attributable to the consolidation of Progressive Care as of July 1, 2023.