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PREPAID EXPENSES AND OTHER CURRENT ASSETS
6 Months Ended
Jun. 30, 2023
PREPAID EXPENSES AND OTHER CURRENT ASSETS [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS
Note 6
PREPAID EXPENSES AND OTHER CURRENT ASSETS

The Company has various agreements which require upfront and periodic payments. The Company records the expenses related to these agreements ratably over the annual terms. As of June 30, 2023 and December 31, 2022, the Company’s balance sheet reflected prepaid expenses of $968,130 and $835,786, respectively, primarily relating to various software licenses and insurance policies with durations ranging from 3 months to 1 year.

Included in other current assets as of June 30, 2023 are amounts receivable from employees totaling $267,644.