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

Note 10 - Accrued Liabilities

v3.26.1
Note 10 - Accrued Liabilities
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]

10. Accrued Liabilities

 

As of December 31, 2025, and 2024, accrued liabilities consisted of the following:

 

   

Ended December 31,

 
   

2025

   

2024

 
                 

Litigation reserve

  $ 700,000     $ 450,000  

Contractor expenses

    286,243       170,841  

Illinois franchise tax

    80,496       94,080  

Accrued payroll

    189,611       78,466  

Accrued legal fees

    5,500       5,500  

Accrued Board of Director fees

    41,195       42,499  

Accrued revenue sharing agreements

    26,338       14,053  

Other

    4,187       8,449  

Total accrued liabilities

  $ 1,333,570     $ 863,888