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PREPAID EXENSES AND OTHER CURRENT ASSETS
 12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAID EXENSES AND OTHER CURRENT ASSETS

NOTE 4 – PREPAID EXENSES AND OTHER CURRENT ASSETS

 

At December 31, 2022 and 2021, the Company’s prepaid expenses and other current assets consists of the following:

 

           
   December 31,   December 31, 
   2022   2021 
Prepaid expenses  $89,197   $83,975 
Preopening expenses   —    602 
Other receivables   228,242    1,704,751 
Prepaid and Other Current Assets  $317,439   $1,789,328 

 

 

MUSCLE MAKER, INC. & SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Included in prepaid and other current assets is a receivable of $228,242 and $1,704,751 for the years ended December 31, 2022 and 2021, respectively. The receivable reduced Labor expense for 2021 is included in Restaurant operating expenses, related to the employee retention tax credits receivable from the Internal Revenue Services (“IRS”) that was made available to companies effected by COVID-19. The Company started to early access the credit in the fourth quarter of 2021 as allowed by the IRS.