NOTE 4 – PREPAID EXPENSES

Prepaid expenses current and long term amounted to $45,679 and $49,078, respectively for the year ended December 31, 2022, as compared to $97,068 and $49,867 for the year ended December 31, 2021. 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.