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PREPAYMENTS AND OTHER ASSETS
6 Months Ended
Jun. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAYMENTS AND OTHER ASSETS

NOTE 4 – PREPAYMENTS AND OTHER ASSETS

 

Prepayments and other assets are comprised of prepayments paid to vendors to initiate orders and prepaid services and fees. The prepaid balances are summarized as follows:

   June 30,   December 31, 
   2021   2020 
Vendor prepayments  $5,699,972   $2,676,493 
Prepaid services and fees   512,919    365,931 
Deferred financing asset (See Note 9 - Debt)   -    504,644 
Prepayments and other assets  $6,212,891   $3,547,068