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Note 9 - Prepaid Expenses and Other | 9 Months Ended
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Sep. 30, 2021
Notes to Financial Statements |
Prepaid Expenses and Other [Text Block] |
9. | PREPAID EXPENSES AND OTHER
Included in prepaid expense and other at September 30, 2021 was approximately $755,000 relating to deposits for a range of hardware devices. These devices were ordered in conjunction with the Company securing the recent license contracts in Africa and are expected to be delivered in future quarters as the hardware is deployed. Also included are deposits on our new EcoID II fingerprint readers. Additional deposits are sometimes required before shipment of the inventory, and prepaid may increase before the inventory is received, while other orders have extended payment terms.
|  | September 30, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
Deposit for inventory |  | $ | 755,205 |  |  | $ | 66,995 |
Other prepaid expenses |  |  | 141,793 |  |  |  | 64,178 |
Insurance |  |  | 17,754 |  |  |  | 45,468 |
Software licenses |  |  | 35,800 |  |  |  | 24,866 |
Total prepayments |  | $ | 950,552 |  |  | $ | 201,507 |

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