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ACCRUED PAYROLL AND RELATED EXPENSES
6 Months Ended
Jun. 30, 2025
Accrued Payroll And Related Expenses  
ACCRUED PAYROLL AND RELATED EXPENSES

NOTE 10 – ACCRUED PAYROLL AND RELATED EXPENSES

 

The Company is delinquent in filing its payroll taxes, primarily related to stock compensation awards in 2016 and 2017, but also including payroll for 2018, 2019, 2020, and 2021. As of June 30, 2025 and December 31, 2024, the Company owed payroll tax liabilities, including penalties, of $3,946,412 and $3,946,410 respectively, to federal and state taxing authorities. The actual liability may be higher or lower due to interest or penalties assessed by federal and state taxing authorities.