Quarterly report pursuant to Section 13 or 15(d)

PREPAID EXPENSES AND OTHER CURRENT ASSETS

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PREPAID EXPENSES AND OTHER CURRENT ASSETS
 6 Months Ended
Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS PREPAID EXPENSES AND OTHER CURRENT ASSETS
Prepaid expenses and other current assets consisted of the following at each balance sheet date:
  As of
  June 30, 2020 December 31, 2019
Prepaid Inventory 784,373    1,291,577   
Assets classified as held for sale 774,832    —   
Vehicle trade-in credits 174,630    —   
Prepaid insurance 107,367    133,611   
Interest receivables 93,027    80,609   
Other 209,921    166,625   
Total $ 2,144,150    $ 1,672,422   

In the first quarter of 2020, we completed the construction of a new office building and research and development facility in Acheson, Canada. As a result, during the second quarter of 2020 we started the process of selling our old office building in Spruce Grove, Canada. In the table above, the assets classified as held for sale as of June 30, 2020, consist of this old office building which we intend to sell within a one year period. The amount shown above is recorded at cost, less accumulated depreciation.