Note 25. Accounts payable

The accounts payable balance consisted of the following:

As of June 30, 2026, accounts payable to Board Members consisted of payables to members of the Board related to compensation and reimbursement matters totaling USD 263,703 (see Note 40).

As of June 30, 2026, accounts payable to other related parties consisted of USD 285,851 payable to OISTE, USD 139,051 payable to the related parties of Carlos Moreira and USD 5,158 payable to Antoine Kohler (see Note 40 for details).

Accounts payable to underwriters, promoters and employees consist primarily of amounts payable to employees for accrued vacation days, bonuses and 13th-month compensation across WISeKey.

Other accounts payable consist primarily of amounts due or accrued for professional services (e.g., legal, accounting and audit services) and related employee social charges.