The
Company had an outstanding liability to its CEO as follows:
Schedule
of outstanding liability
| | |
June
30,
2026 | | |
December
31,
2025 | |
| Current liability to shareholder | |
| | | |
| | |
| Accrued salaries and benefits(1) | |
$ | 40,778 | | |
$ | 62,154 | |
| Long-term liability to shareholder | |
| | | |
| | |
| Accrued retirement and other benefits | |
| 746,518 | | |
| 702,304 | |
| Offset by shareholder advance | |
| (261,653 | ) | |
| (261,653 | ) |
Net long-term liability to shareholder
| |
| 484,865 | | |
| 440,651 | |
| Total outstanding liability | |
$ | 525,643 | | |
$ | 502,805 | |
| (1) |
Our
CEO’s accrued salaries and benefits were reclassified from long-term liabilities to short-term liabilities in fiscal year 2026. |
|