ACCOUNTS PAYABLE AND ACCRUED EXPENSES

6 Months Ended

Jun. 30, 2025

NOTE 9 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following as of June 30, 2025 and December 31, 2024:

	June 30,		December 31,
	2025		2024
Accounts payable	$	3,705,309	$	3,023,517
Interest payable on notes payable		1,380,853		1,328,653
Interest payable on notes payable, related parties		691,820		620,023
Deferred insurance		40,846		14,724
Accrual of interest and loss on contingency		258,000		410,823
Interest payable on EIDL loan		5,492		5,550
Line of credit		26,959		-
Accrual of interest on unpaid upfront purchase price		5,428		-
Research and development required expenditures		5,307,421		-
Accrued expenses		383,649		171,541
	$	11,805,777	$	5,574,831