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Prepaid Expenses and Other Current Assets
 9 Months Ended
Sep. 30, 2023
Prepaid Expenses and Other Current Assets [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS

6. PREPAID EXPENSES AND OTHER CURRENT ASSETS

 

Prepaid expenses and other current assets consisted of the following:

 

   As of
September 30,
2023		   As of
December 31,
2022		 
Prepaid expenses  $577,477   $363,877 
Other receivables   144,916    42,178 
Total  $722,393   $406,055 

 

The increase in prepaid expenses was largely the result of insurance premiums paid in conjunction with our July 1, 2023 annual policy renewal. The increase in other receivables reflects insurance benefits totaling $115,127 received from a vendor’s policy during October 2023.