Accrued Expenses and Other Current Liabilities

9 Months Ended

Sep. 30, 2024

Payables and Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

NOTE 8 - Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities were comprised of the following as of September 30, 2024 and December 31, 2023, respectively:

	September 30, 2024		December 31, 2023
Sales tax payable	$	288,466	$	288,466
Refund liability		-		708,629
Accrued payroll		303,774		297,059
Accrued bonus		37,975		399,067
Accrued expenses		231,725		215,485
Accrued interest		171,716		29,712
Other payables		16,707		34,094
Total	$	1,050,363	$	1,972,512

The Company made an assessment of sales tax payable, including any related interest and penalties, and accrued those estimates on the financial statements. Of the sales tax payable, $78,947 and $78,947 are related to interest and penalties as of September 30, 2024 and December 31, 2023, respectively.

As of September 30, 2024 and December 31, 2023, the Company has accounted for refund liability in the amount of $-0- and $708,629, respectively, in a proactive approach towards potential future refunds.

A bonus expense is accrued on an annual basis, when the Company’s financial or operational performance meets the required performance level. The Company has $37,975 and $399,067 accrued for bonuses as of September 30, 2024 and December 31, 2023, respectively.