v3.25.2
Accounts Payable and Accrued Expenses
 6 Months Ended
Jun. 30, 2025
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses

Note 6 – Accounts Payable and Accrued Expenses

 

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

 

          
   June 30, 2025  December 31, 2024
Accounts payable  $816,240   $686,242 
Accrued liabilities   202    — 
Accrued interest   371,399    287,464 
Total  $1,187,841   $973,706 

 

Accounts payable consisted of $561,740 aged outstanding balances due to two vendors over 2 years.

 

The increase in accrued liabilities was due to the accrued interest of convertible notes and loan from SBA.

 

          
   June 30, 2025  December 31, 2024
Accounts payable – related parties  $1,151,165   $1,160,000 
Accrued interest - related parties   202,667    171,408 
Other payables - related parties   1,792,586    1,795,286 
Total  $3,146,418   $3,126,694 

 

Accounts payable – related parties consisted of approximately $1,085,000 aged outstanding balances due to two major related parties for business purpose over 2 years.

 

Accrued interest – related parties consisted of unpaid interest from related parties note payable as of December 31, 2024.

 

Other payables consisted of approximately $1,778,136 advanced payments from one of the related parties for business purposes.