| Prepaid Expenses |
Note
5 – Prepaid Expenses
At
June 30, 2025 and December 31, 2024, prepaid expenses consisted of the following:
| | |
June
30,
2025 | | |
December 31,
2024 | |
| Advances for inventory | |
$ | 260,572 | | |
$ | 605,913 | |
| Insurance | |
| 36,429 | | |
| 2,879 | |
| Deposits | |
| 14,000 | | |
| 14,000 | |
| Prepaid consulting fees, related party | |
| 695,587 | | |
| 296,981 | |
| Rent, related party | |
| 105,757 | | |
| 15,985 | |
| Advertising and promotions* | |
| 859,920 | | |
| 869,920 | |
| Conferences | |
| 9,500 | | |
| 15,000 | |
| Professional fees | |
| 41,000 | | |
| 13,000 | |
| IT expenses | |
| 33,479 | | |
| 25,404 | |
| Miscellaneous | |
| 7,850 | | |
| 481 | |
| Total | |
$ | 2,064,094 | | |
$ | 1,859,563 | |
| * | During the year ended December 31, 2024, the Company bartered inventory worth $859,920 for media credits to be used at the Company’s discretion. |
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