Annual report [Section 13 and 15(d), not S-K Item 405]

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

v3.25.1
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)
12 Months Ended
Dec. 31, 2024
ACCOUNTS PAYABLE AND ACCRUED EXPENSES  
Schedule of accounts payable and accrued expenses

 

 

2024

 

 

2023

 

Accounts payable

 

$ 3,023,517

 

 

$ 2,473,457

 

Interest payable on notes payable

 

 

1,328,653

 

 

 

1,268,264

 

Interest payable on notes payable, related parties

 

 

620,023

 

 

 

478,920

 

Deferred insurance

 

 

14,724

 

 

 

-

 

Accrual of interest and loss on contingency

 

 

410,823

 

 

 

322,000

 

Interest payable on EIDL loan

 

 

5,550

 

 

 

5,675

 

Accrued stock-based compensation

 

 

-

 

 

 

43,321

 

Accrued expenses

 

 

171,541

 

 

 

57,542

 

 

 

$ 5,574,831

 

 

$ 4,649,179