SUPPLEMENTAL FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL FINANCIAL INFORMATION

NOTE 7. SUPPLEMENTAL FINANCIAL INFORMATION

Balance Sheets

Accounts receivable, net

Accounts receivable, net consisted of the following:

	December 31,
	2023		2022
Accounts receivable (1)	$	13,270	$	18,569
Less: Allowance for doubtful accounts		–		–
Accounts receivable, net	$	13,270	$	18,569

(1) Accounts receivable denominated in foreign currencies represent less than 15% of accounts receivable in all periods.

Prepaids and other current assets

	December 31,
	2023		2022
Short term deposits	$	50,000	$	50,100
Deferred offering costs		100,588		–
Prepaid insurance D & O		34,769		83,478
Prepaid insurance other		17,884		16,475
Prepaid, other		41,635		49,564
Other receivables		154		84
	$	245,030	$	199,701

Accounts payable

	December 31,
	2023		2022
Accounts payable	$	758,821	$	457,558
Credit cards payable		1,714		4,644
	$	760,535	$	462,202

Accrued and other liabilities

	December 31,
	2023		2022
Accrued payroll	$	162,887	$	–
Accrued bonus		262,580		134,704
Accrued board compensation		62,500		31,250
Accrued committee compensation		30,000		15,000
Accrued audit and legal expenses		89,082		33,919
Investment banking and related fees		139,906		–
Accrued interest		98,685		–
Other accrued expenses		12,082		11,596
	$	857,722	$	226,469

Statements of Operations

Other expense, net consisted of the following:

	Year Ended December 31,
Income/(Expense)	2023			2022
Bank Interest	$	172		$	2,511
Taxes		(1,144	)		(800	)
Foreign Currency Gain (Loss)		145			(1,190	)
Other		265			–
	$	(562	)	$	521