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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
12 Months Ended
Dec. 31, 2024
Payables and Accruals [Abstract]  
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

NOTE 6 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

 

At December 31, 2024, accounts payable and accrued liabilities were $3,103,254, and amounts due to related parties were $107,445. At December 31, 2023, the corresponding balances were $2,443,207 and $32,238, respectively.

 

The total for 2024 comprises as follows:

 

Amounts deferred by agreement with senior employees: $1,498,893

Amounts deferred by agreement with senior consultants $652,278

Amounts deferred by agreement with certain professionals $545,000

Other accounts payable $165,136

Other accrued liabilities $241,947.

 

Accounts payable and accrued liabilities mainly are accrued professional fees and accrued payroll. The increase in the accrued liabilities results partially from payroll payable and payable to contractors.