Annual report pursuant to Section 13 and 15(d)

Prepaid Expense and Other

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Prepaid Expense and Other
 12 Months Ended
Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expense and Other Prepaid Expenses and Other
Prepaid expenses and other consist of the following:
(in thousands) December 31, 2021 December 31, 2020
Prepaid insurance $ —  $ 2,596 
Stock option receivable 3 2
Litigation receivable 23 23
Prepaid events 54 203
Prepaid marketing 620 587
Prepaid software license 215 220
Prepaid professional fees 207 251
Other prepaid items 739 414
Prepaid expenses and other $ 1,861  $ 4,296 
The policy year for the Company's insurance runs on a calendar year and as such, a significant portion of the policy payment is made at the beginning of the new year and amortized to expense throughout the remaining year. For the year ended December 31, 2020, the insurance premium was paid prior to year-end, resulting in a prepaid balance of $2,596.