Prepaid
expenses and other current assets at June 30, 2025, and December 31, 2024:
SCHEDULE
OF PREPAID EXPENSES AND OTHER CURRENT ASSETS
| | |
June 30, 2025 | | |
December 31, 2024 | |
| Prepaid advertising and investor relations services(1) | |
$ | 100,916 | | |
$ | 150,367 | |
| Prepaid stock issuance costs and other fees | |
| 184,297 | | |
| 158,876 | |
| Prepaid insurance costs | |
| 34,027 | | |
| - | |
| Prepaid consulting fees | |
| 2,625 | | |
| 2,725 | |
| Interest accrued on note receivable | |
| - | | |
| 789 | |
| Total | |
$ | 321,865 | | |
$ | 312,757 | |
| (1) |
On February 21, 2025, the
Company entered into a marketing consulting services agreement for investor relations, consulting and advisory services. The agreement
is for an initial term of six months, subject to extension by mutual agreement. In consideration for the services, the Company agreed
to pay a cash fee of $300,000. Following the initial term, the Company may elect to continue with an active monthly budget or switch
to a monthly maintenance budget of $50,000 that provides for reduced services. As at June 30, 2025, $100,000 was included in prepaid
expenses for advertising and investor relations services. |
|