
	June 30, 2026		December 31, 2025
Accrued compensation	$	242,465	$	221,724
Accrued severance	274,038		274,038
Accrued professional fees	68,294		96,786

Accrued sales and property taxes	407,283		202,638
Accrued royalties	337,500		337,500
Accrued audit fees	-		531,000
Accrued settlement	118,860		319,546
Other accrued expenses	43,709		233,398
Accrued interest	3,195,025		4,303,157
Accrued purchase liability	1,724,199		3,287,881
Total accrued liabilities	$	6,411,373	$	9,807,668

On March 20, 2025, the Company completed the acquisition of SeaTrepid International LLC (“SeaTrepid”), an expert in providing subsea robotic services to customers throughout the world, for total consideration of $14,209,810. On May 11, 2026, the Company entered into Amendment No. 2 to the Asset Purchase Agreement, which revised the payment terms for the remaining deferred purchase considerations and established the post-closing working capital adjustment at zero. As part of the agreement, $1,500,000 were paid down on the owed balance on May 15, 2026. The Company accounted the amended arrangement as a debt extinguishment under ASC 470. Accordingly, during the quarter ended June 30, 2026, the Company derecognized the accrued purchase price liability and recognized the new accrued purchase price liability at fair value and recognized a loss of extinguishment for $201,681. As of June 30, 2026, the outstanding accrued purchase liability was $1,724,199.