Salary and Post-Employment Benefits Payable |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Salary and Post-Employment Benefits Payable [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Salary and post-employment benefits payable | 7. Salary and post-employment benefits payable
Salary and post-employment benefits payable as of June 30, 2025 and December 31, 2024, consist of the following:
In June 2024, an officer and a director of the Company agreed to forgo accrued salaries, and consulting fees payable of $1,115,232 in exchange for the issuance of stock options for the purchase of 131 shares of common stock (see Note 10). The Company accounted for this debt extinguishment as a capital contribution since the liability was with related parties. Accordingly, the difference between the liability extinguished of $1,115,232 and the fair value of the stock options issued ($379,950) of $ 735,282 is considered a capital contribution. |
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