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Other Current Assets and Other Long Term Assets | 12 Months Ended
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Dec. 31, 2023
Other Current Assets and Other Long Term Assets |
Other Current Assets and Other Long Term Assets | 6. Other Current Assets and Other Long Term Assets Other current assets consisted of the following as of the periods presented below:
|  | DECEMBER 31, |  |  | DECEMBER 31, |
|  | 2023 |  |  | 2022 |
Inventories |  | $ | 366,126 |  |  | $ | 222,279 |
Prepaid insurance and other assets |  |  | 717,545 |  |  |  | 713,699 |
Total other current assets |  | $ | 1,083,671 |  |  | $ | 935,978 |
Other long term assets consisted of the following as of the periods presented below:
|  | DECEMBER 31, |  |  | DECEMBER 31, |
|  | 2023 |  |  | 2022 |
Security deposits |  | $ | 40,587 |  |  | $ | 67,748 |
Capital work in progress |  |  | 442,701 |  |  |  | 1,958,097 |
Other long term assets |  | $ | 483,288 |  |  | $ | 2,025,845 |
Capitalized work in progress consists of internally developed software costs, primarily associated with upgrading our ITMS™ (Intelligent Technology Management System), secure identity management technology and secure network operations center of which $2.4 million was transferred from capital work in progress to internally developed software during the year ended December 31, 2023.

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