| SCHEDULE OF ACCRUED EXPENSES |
Accrued
expenses consist of the following:
SCHEDULE OF ACCRUED EXPENSES
| | |
March
31, 2026 | | |
December
31, 2025 | |
| Accrued
consulting fees | |
$ | 310,900 | | |
$ | 303,900 | |
| Accrued
settlement expenses (1) | |
| 680,235 | | |
| 680,235 | |
| Accrued
settlement expenses (See Note 7) | |
| 5,000 | | |
| - | |
| Accrued
payroll taxes | |
| 301,153 | | |
| 293,847 | |
| Accrued
interest | |
| 936,547 | | |
| 905,565 | |
| Accrued
others | |
| 2,913 | | |
| 2,736 | |
| Total | |
$ | 2,236,748 | | |
$ | 2,186,283 | |
| |
(1) |
On
August 28, 2024, the U.S. District Court for the Eastern District of New York entered a final consent judgment against the Company,
enjoining it from violating certain provisions of the federal securities laws and ordering disgorgement and civil monetary penalties.
The Court entered a final consent judgment in which it was ordered to pay $520,940 in disgorgement and $59,295 in prejudgment interest
thereon, as well as $100,000 in civil penalties. As of March 31, 2026 and December 31, 2025, the Company had accrued a total legal
settlement amount of $680,235 (See Note 11). Any potential penalties or interest related to non-payment cannot be reasonably estimated
at this time and, accordingly, have not been accrued in the accompanying unaudited condensed consolidated financial statements. |
|