Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

v3.23.2
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
6 Months Ended
Jun. 30, 2023
ACCOUNTS PAYABLE AND ACCRUED EXPENSES  
ACCOUNTS PAYABLE AND ACCRUED EXPENSES

NOTE 8 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

 

Accounts payable and accrued expenses consisted of the following as of June 30, 2023 and December 31, 2022:

 

 

 

June 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Accounts payable

 

$ 2,255,503

 

 

$ 2,013,250

 

Interest payable on notes payable

 

 

1,232,622

 

 

 

1,206,753

 

Interest payable on notes payable, related parties

 

 

401,857

 

 

 

332,567

 

Deferred insurance

 

 

27,340

 

 

 

-

 

Accrual of loss on contingency

 

 

322,000

 

 

 

322,000

 

Interest payable on EIDL loan

 

 

5,750

 

 

 

5,860

 

Accrued expenses

 

 

51,478

 

 

 

27,524

 

 

 

$ 4,296,550

 

 

$ 3,907,954