| SCHEDULE OF ACCOUNTS PAYABLES AND ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES |
The
following table represents the major components of accounts payables and accrued expenses and other current liabilities at June 30, 2025,
and December 31, 2024:
SCHEDULE OF ACCOUNTS PAYABLES AND ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
| |
|
June
30, 2025 |
|
|
December
31, 2024 |
|
| Accounts
payable affiliates (1) |
|
$ |
— |
|
|
$ |
147,286 |
|
| Professional fees |
|
|
483,811 |
|
|
|
40,860 |
|
| Interest |
|
|
204,911 |
|
|
|
143,642 |
|
| Interest
affiliates (3) |
|
|
22,948 |
|
|
|
6,950 |
|
| Payroll taxes |
|
|
— |
|
|
|
11,945 |
|
| Pension/401K |
|
|
— |
|
|
|
74,500 |
|
| Other accounts payable |
|
|
— |
|
|
|
361 |
|
| Un-issued
shares affiliates (2) |
|
|
26,242 |
|
|
|
132,639 |
|
| Un-issued shares |
|
|
15,602 |
|
|
|
91,729 |
|
| Loan
from affiliates (3) |
|
|
502,255 |
|
|
|
241,078 |
|
| Short term loan |
|
|
38,000 |
|
|
|
48,000 |
|
| Convertible note payable |
|
|
805,000 |
|
|
|
805,000 |
|
| Derivative
liability |
|
|
684,002 |
|
|
|
186,652 |
|
| Total current liabilities |
|
$ |
2,782,771 |
|
|
$ |
1,930,642 |
|
| (1) |
As
at June 30, 2025, the officers have forfeited payroll of $941,890,
whereof $214,780 was accrued in prior year, (See note 7 for more details) there was no accounts payables due to any affiliates. For
each of CFO and CEO, there was $46,668
in accrued payroll and $4,000
for advanced expenses due, there was also $35,000
and $4,000
in accrued payroll and advanced expenses due to our CCO at December 31, 2024. |
| (2) |
The amount is to be converted
into shares of Common Stock whereof on June 30, 2025, $26,242 for our board members attendance in board and committee meetings during
the first quarter of 2025. On December 31, 2024, $49,745 is to our Directors for their attendance in board and committee meetings
during the fourth quarter, and another $82,894 in a one-time bonus. |
| (3) |
On June 30, 2025, the Company
has a $502,255 in loan from affiliates with an interest rate of 8%. The accrued interest is currently $22,948. On December 31, 2024,
the affiliated loan was $241,078 and the accrued interest was $6,950. |
|