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Prepaid expenses and deposits

12 Months Ended

Dec. 31, 2022

Prepaid Expenses And Deposits

Prepaid expenses and deposits

8. Prepaid expenses and deposits

As of December 31, 2022 and 2021, prepaid expenses and deposits consists of the following:

Schedule of Prepaid Expenses and Deposits

		2022				2021
Consulting, services and advertising		$	1,313,799			$	4,328,389
Insurance			20,781				3,041
Deposit			699,765				384,065
Prepaid expenses and deposits, net		$	2,034,345			$	4,715,495

As of December 31, 2022, prepaid expense and deposit consists of $1,313,799 (2021 - $4,328,389) in prepaid consulting, services and advertising for third party consultants through the issuance of shares and stock options. Deposits primarily include prepayments for raw materials used in the manufacturing of inventory.

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