ACCOUNTS PAYABLE AND ACCRUED LIABILITIES |
12 Months Ended |
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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.
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