Quarterly report pursuant to Section 13 or 15(d)

NOTE 5: PREPAID EXPENSES

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NOTE 5: PREPAID EXPENSES
6 Months Ended
Jun. 30, 2019
Notes  
NOTE 5: PREPAID EXPENSES

NOTE 5: PREPAID EXPENSES

 

Prepaid expenses consist of the following as of June 30, 2019 and December 31, 2018:

 

 

 

June 30,

2019

 

December 31,

2018

Prepaid insurance

$

106,724

$

52,105

Prepaid raw material/inventory

 

104,973

 

-

 

$

211,697

$

52,105

 

For the three and six months ended June 30, 2019 and 2018, the Company recognized amortization of prepaid expense of $25.972, $21,192, $51,740 and $42,150, respectively.