v3.26.1
Other Current Assets and Accrued Expenses
6 Months Ended
Jun. 30, 2026
Other Current Assets and Accrued Expenses  
Other Current Assets and Accrued Expenses

5. Other Current Assets and Accrued Expenses

 

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

 

 

 

JUNE 30,

 

 

DECEMBER 31,

 

 

 

2026

 

 

2025

 

 

 

(Unaudited)

 

Inventories

 

$780,119

 

 

$682,005

 

Prepaid project costs

 

 

1,235,289

 

 

 

697,360

 

Deferred contract costs

 

 

4,517,601

 

 

 

2,993,272

 

Prepaid expenses and other assets

 

 

1,459,868

 

 

 

823,976

 

 

 

 

 

 

 

 

 

 

Total other current assets

 

$7,992,877

 

 

$5,196,613

 

  

Accrued expenses consisted of the following as of the dates presented below:

 

 

 

JUNE 30,

 

 

DECEMBER 31,

 

 

 

2026

 

 

2025

 

 

 

(Unaudited)

 

Carrier service costs

 

$33,663,550

 

 

$25,759,570

 

Salaries and payroll taxes

 

 

2,242,570

 

 

 

2,012,510

 

Inventory purchases, consultants and other costs

 

 

2,989,626

 

 

 

3,269,533

 

U.S. income tax payable

 

 

22,910

 

 

 

89,390

 

Foreign income tax payable

 

 

34,630

 

 

 

28,170

 

 

 

 

 

 

 

 

 

 

Total accrued expenses

 

$38,953,286

 

 

$31,159,173