Note 4 - Debt and Liabilities

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Debt Disclosure [Text Block]

NOTE 4 – DEBT AND LIABILITIES

Accrued Liabilities

A summary of accrued liabilities as of  June 30, 2022 and December 31, 2021 is as follows: 

	June 30,		December 31,
	2022		2021
Accrued payables	$	2,121,066	$	1,737,473
Insurance premiums		700,388		333,493
Driver deposit		407,006		336,787
Payroll tax liabilities		230,380		417,493
Other accrued liabilities		77,305		52,192
Accrued liabilities	$	3,536,145	$	2,877,438

As of June 30, 2022, the accrued payables amounted to $ 2,121,066, which consists of incurred but not invoiced business expenditures including legal fees, professional services and other operational expenditures. As of June 30, 2022, the payroll tax liabilities amounted to $230,380, which consists of the employer and employees share of the payroll tax liabilities related to stock options exercised and vested restricted stock units.