Annual report pursuant to Section 13 and 15(d)

PREPAID EXPENSES

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PREPAID EXPENSES
12 Months Ended
Dec. 31, 2021
Prepaid Expenses  
PREPAID EXPENSES

NOTE 4 – PREPAID EXPENSES

 

Prepaid expenses current and long term amounted to $97,068 and $49,867, respectively for the year ended December 31, 2021, as compared to $1,784 and $0 at for the year ended December 31, 2020. Prepaid expenses include prepayments in cash for accounting fees, prepayments in equity instruments, 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.