XML 26 R16.htm IDEA: XBRL DOCUMENT v3.25.2
Accrued Expenses and Other Current Liabilities
 6 Months Ended
Jun. 30, 2025
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 June 30, 2025 and December 31, 2024, respectively:

Schedule of Accrued Expenses and Other Current Liabilities

 

   June 30, 2025   December 31, 2024 
         
Refund liability  $-   $766,721 
Accrued payroll   332,820    302,685 
Accrued bonus   102,564    963,800 
Accrued expenses   195,311    255,154 
Accrued interest   80,491    - 
Other payables   21,181    34,175 
Total  $732,367   $2,322,535 

 

As of June 30, 2025 and December 31, 2024, the Company has accrued $-0- and $766,721, respectively, in a proactive approach toward 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 $102,564 and $963,800 accrued for bonuses as of June 30, 2025 and December 31, 2024, respectively.