ACCOUNTS PAYABLES AND ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2023

Payables and Accruals [Abstract]

ACCOUNTS PAYABLES AND ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

NOTE 7 – ACCOUNTS PAYABLES AND ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

On December 31, 2023, there was $2,000 in Accounts Payables to related parties in form of payroll and advanced expenses. On December 31, 2022 there was $709,727 in Accounts Payables to related parties.

The following table represents the major components of accounts payables and accrued expenses and other current liabilities at December 31, 2023 and 2022:

	December 31, 2023		December 31, 2022
Accounts payable affiliates (1)	$	2,000	$	709,727
Professional fees		77,264		397,514
Interest		223,759		134,581
Payroll taxes		—		40,182
Pension/401K		—		180,557
Other accounts payable		1,658		990
Un-issued shares affiliates (2)		507,242		38,400
Un-issued shares		507,315		960
Loan from Affiliates (3)		25,000		—
Convertible note payable		1,900,000		2,165,000
Total	$	3,244,238	$	3,667,911

(1)	$2,000 due to the CFO for expenses at December 31, 2023, while there was $286,900 to the CEO, $269,400 to the CFO and $153,427 to the CCO in salary and expenses at December 31, 2022.
(2)	The amount is to be converted into shares of Common Stock whereof $30,000 is to our Directors for their attendance in board and committee meetings during the fourth quarter of 2023 and $485,904 to the Company’s officers for conversion of outstanding salaries and expenses.
(3)	On September 23, 2023, the Company received an interest free loan from an affiliated Company.