|
Note
4 – Prepaid expenses and other current assets
Prepaid
expenses and other current assets are summarized as follows (in thousands):
Schedule of Prepaid Expenses and Other Current Assets
| |
|
December 31, 2023 |
|
|
December 31, 2022 |
|
| Prepaid advertising contract with iHeart (1) |
|
$ |
— |
|
|
$ |
— |
|
| Prepaid marketing expenses |
|
|
451 |
|
|
|
— |
|
| Other prepaid expenses and other current assets |
|
|
361 |
|
|
|
1,051 |
|
| Total Prepaid expenses and other current assets |
|
$ |
812 |
|
|
$ |
1,051 |
|
| (1) |
On
August 28, 2019, the Company entered into a radio advertising agreement with iHeart Media + Entertainment, Inc. (“iHeart”)
and issued 166,667 shares of common stock valued at $3.4 million for future advertising services. The Company issued an additional
20,834 shares valued at $0.1 million on March 5, 2020 pursuant to the agreement. The current portion of the remaining value, reflected
above, is the remaining value of services that the Company expects to utilize within the twelve months following the reporting period
date, unless the term is extended. The Company utilized the remaining advertising services during the year ended December 31, 2022. |
|