v3.26.1
OTHER PAYABLE, ACCRUED EXPENSE AND OTHER CURRENT LIABILITY
3 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
OTHER PAYABLE, ACCRUED EXPENSE AND OTHER CURRENT LIABILITY

NOTE 11 — OTHER PAYABLE, ACCRUED EXPENSE AND OTHER CURRENT LIABILITY

 

The following table shows the breakdown of the Company’s other payable, accrued expense and other current liabilities:

 

 

  

March 31, 2026

(unaudited)

   December 31, 2025 
Credit card liabilities  $4,126   $17,699 
Sales Tax payable   -    9,951 
Other current liabilities   62,300    66,606 
Payroll liabilities   120,910    150,467 
Accrual on litigation (a)   5,988,961    5,988,961 
Total  $6,176,297   $6,233,684 

 

Note (a): Balance mainly represented $5,988,961 accrual of litigation in connection with Nebula (see Note 17).

 

 

MASSIMO GROUP AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)