NOTE 14 — NON-TRADE PAYABLES

Non-trade accounts payable as of June 30, 2026 was $687,268, compared to $750,013 as of December 31, 2025. Non-trade accounts payable consists of accrued professional and service fees, accrued salaries and related payroll obligations, and other operating expenses that have been incurred but not yet paid; it does not include the Company’s borrowings, which are presented within short-term borrowings (Notes 7 and 8).

The following table summarizes the components of non-trade payables by nature as of June 30, 2026 and December 31, 2025:

SCHEDULE OF COMPONENTS OF NON-TRADE PAYABLES BY NATURE