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Other Balance Sheet Components | 6 Months Ended
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Jun. 30, 2023
Other Balance Sheet Components |
Other Balance Sheet Components | Note 6 – Other Balance Sheet Components Other Current Assets Other current assets are comprised of the following:
|  | June 30, |  |  | December 31, |
​ | ​ |  | 2023 | ​ |  | ​ | 2022 |
Prepaid Directors & Officers insurance |  | $ | 1,166,293 |  |  | $ | 1,292,317 |
Advances to employees |  |  | 229,200 |  |  |  | 74,064 |
Income tax advance payments (i) |  |  | 46,603 |  |  |  | 34,642 |
Other assets |  |  | 19,857 |  |  |  | 24,484 |
Total |  | $ | 1,461,953 |  |  | $ | 1,425,507 |
(i) Refers to federal withholding taxes and recoverable income taxes. Property Plant and Equipment Property, plant and equipment consisted of the following:
|  |  | June 30, |  |  |  | December 31, |
|  |  | 2023 |  |  |  | 2022 |
Development mockup |  | $ | 418,722 |  |  | $ | 418,722 |
Leasehold improvement |  |  | 165,380 |  |  |  | - |
Construction in progress ("CIP") |  |  | - |  |  |  | 44,375 |
Computer hardware |  |  | 13,368 |  |  |  | 13,368 |
Total property, plant and equipment |  | $ | 597,470 |  |  | $ | 476,465 |
Less: Accumulated depreciation |  |  | (83,637 | ) |  |  | (24,879 | )
Total property, plant and equipment, net |  | $ | 513,833 |  |  | $ | 451,586 |
The mockup was built to simulate the operation, design, interior space, and cabin layout of our eVTOL. Depreciation expense for the three months ended June 30, 2023 and 2022 was $36,709 and $0, respectively. Depreciation expense for the six months ended June 30, 2023 and 2022 was $58,759 and $0, respectively. During the three month period ended June 30, 2023, the Company derecognized CIP assets associated with the terminated lease described in Note 17. The expense is recognized in the "Selling, general and administrative" line of the condensed consolidated statement of operations. Other Payables Other Payables are comprised of the following items:
|  | June 30, |  |  | December 31, |
​ |  | 2023 |  | ​ | ​ | 2022 |
Payroll accruals |  | $ | 3,478,351 |  |  | $ | 4,075,660 |
Accrued expenses |  |  | 2,304,112 |  |  |  | 2,491,847 |
Advances from customers (i) |  |  | 1,050,000 |  |  |  | 800,000 |
Other payable |  |  | 546,014 |  |  |  | 300,738 |
Income tax payable |  |  | 113,382 |  |  |  | - |
Total |  | $ | 7,491,859 |  |  | $ | 7,668,245 |
Current portion |  | $ | 5,961,337 |  |  | $ | 6,648,171 |
Non-current portion |  | $ | 1,530,522 |  |  | $ | 1,020,074 |
(i) Refers to advances from customers who have signed non-binding Letters of Intent to purchase eVTOLs.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI https://asc.fasb.org/topic&trid=2122208 + Details
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