Annual report [Section 13 and 15(d), not S-K Item 405]

Note 9 - Accrued Liabilities

v3.25.1
Note 9 - Accrued Liabilities
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]

9. Accrued Liabilities

 

As of December 31, 2024, and 2023, accrued liabilities consisted of the following:

 

   

Ended December 31,

 
   

2024

   

2023

 
                 

Litigation reserve

  $ 450,000     $ 450,000  

Contractor expenses

    170,841       170,733  

Illinois franchise tax

    94,080       100,800  

Accrued payroll

    78,466       88,153  

Accrued legal fees

    5,500       -  

Accrued Board of Director fees

    42,499       19,500  

Accrued revenue sharing agreements

    14,053       18,658  

Other

    8,449       20,040  

Total accrued liabilities

  $ 863,888     $ 867,884