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PREPAID EXPENSES AND OTHER CURRENT ASSETS
12 Months Ended
Dec. 31, 2025
Prepaid Expenses And Other Current Assets  
PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE  PREPAID EXPENSES AND OTHER CURRENT ASSETS

 

During the year ended December 31, 2024, management determined that the carrying value of prepaid expenses exceeded their net realizable value. Accordingly, the Company recognized impairment expense of $0 and $113,413 for the years ended December 31, 2025 and 2024, respectively, which is included in impairment expense in the accompanying consolidated statements of operations.

 

Prepaid expenses and other current assets consisted of the following at December 31, 2025 and 2024:

 

               
    December 31,
    2025   2024
        (As Restated)
         
Prepaid insurance   $ 23,687     $ 422,991  
Prepaid excise return     5,161       7,404  
Prepayment     54,636       1,100  
Inventory in transit     77,933        
Other receivables           25,100  
Total prepaid expenses and other current assets   $ 161,417     $ 456,595