Other Current Assets and Other Long-Term Assets

12 Months Ended

Dec. 31, 2025

Other Current Assets and Other Long-Term Assets

Other Current Assets and Other Long-Term Assets

6. Other Current Assets and Other Long-Term Assets

Other current assets consisted of the following as of the periods presented below:

	DECEMBER 31,		DECEMBER 31,
	2025		2024

Inventories	$	682,005	$	312,429
Prepaid project costs		697,360		565,999
Deferred contract costs		2,993,272		2,134,182
Prepaid expenses and other assets		823,976		758,863

Total other current assets	$	5,196,613	$	3,771,473

Other long-term assets consisted of the following as of the periods presented below:

	DECEMBER 31,		DECEMBER 31,
	2025		2024

Security deposits	$	48,822	$	48,822
Capital work in progress		-		449,114
Prepaid project costs, net of current portion		-		161,150

Other long term assets	$	48,822	$	659,086

During the year ended December 31, 2025, $28,885 of internally developed software costs was transferred from capital work in progress to internally developed software and $420,229 was transferred from capital work in progress to property and equipment during the year.

At December 31, 2024, capitalized work in progress consists of internally developed software costs, primarily associated with upgrading the Company’s secure network operations center.