Annual report pursuant to Section 13 and 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

v3.23.1
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)
12 Months Ended
Dec. 31, 2022
ACCOUNTS PAYABLE AND ACCRUED EXPENSES  
Schedule of accounts payable and accrued expenses

 

 

2022

 

 

2021

 

Accounts payable

 

$ 2,013,250

 

 

$ 1,776,905

 

Interest payable on notes payable

 

 

1,206,753

 

 

 

1,153,773

 

Interest payable on notes payable, related parties

 

 

332,567

 

 

 

224,592

 

Deferred insurance

 

 

-

 

 

 

2,561

 

Accrual of loss on contingency

 

 

322,000

 

 

 

-

 

Interest payable on EIDL loan

 

 

5,860

 

 

 

4,076

 

Interest payable on PPP loan

 

 

-

 

 

 

983

 

Accrued expenses

 

 

27,524

 

 

 

25,670

 

 

 

$ 3,907,954

 

 

$ 3,188,560