v3.26.1
Other Current Liabilities
 12 Months Ended
Dec. 31, 2025
Other Current Liabilities [Abstract]  
OTHER CURRENT LIABILITIES

NOTE 7 — OTHER CURRENT LIABILITIES

 

Other current liabilities consisted of the following as of December 31, 2025 and 2024:

 

   December 31,
2025		   December 31,
2024		 
Payroll and payroll tax payable  $6,157   $4,659 
Federal income tax payable   229,483    204,762 
State income tax payable   70,655    105,976 
Credit card payable   11,030    10,726 
Accrued expenses   50,614    502,942 
Tenant-contributed emergency reserve   2,500    1,000 
Other payable   1,500,085    
—
 
Total other current liabilities  $1,870,524   $830,065 

 

As of December 31, 2025, accrued expenses totaled $50,614, consisting primarily of legal fees of $32,500 and miscellaneous expenses of $18,114. As of December 31, 2024, accrued expenses totaled $502,942, consisting of legal fees of $450,000, audit fees of $12,000, and miscellaneous expenses of $40,942.

 

In December 2025, the Company received $1,500,085 from a third party in connection with a proposed joint real estate investment. The funds were intended to be used toward the acquisition of a property for investment purposes. The transaction was cancelled on December 31, 2025, and the Company recognized a liability for the full amount as of December 31, 2025, which is included in other current liabilities. The amount was repaid in full on January 2, 2026.