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ACCRUED PAYROLL AND RELATED EXPENSES
12 Months Ended
Dec. 31, 2023
Accrued Payroll And Related Expenses  
ACCRUED PAYROLL AND RELATED EXPENSES

NOTE 10 – ACCRUED PAYROLL AND RELATED EXPENSES

 

The Company is delinquent in filing its payroll taxes, primarily related to stock compensation awards in 2016 and 2017, but also including payroll for 2018, 2019, 2020, and 2021. As of December 31, 2023 and 2022, the Company owed payroll tax liabilities, including penalties, of $4,089,836 and $3,946,411, respectively, to federal and state taxing authorities. The actual liability may be higher or lower due to interest or penalties assessed by federal and state taxing authorities.