Annual report pursuant to Section 13 and 15(d)

Note 9 - Accrued Liabilities

v3.24.1
Note 9 - Accrued Liabilities
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]

9. Accrued Liabilities

 

As of December 31, 2023, and 2022, accrued liabilities consisted of the following:

 

   

Ended December 31,

 
   

2023

   

2022

 
                 

Litigation reserve

  $ 450,000     $ 450,000  

Contractor expenses

    170,733       247,909  

Illinois franchise tax

    100,800       100,800  

Accrued payroll

    88,153       83,514  

Accrued legal fees

    -       15,000  

Accrued Board of Director fees

    19,500       50,112  

Accrued revenue sharing agreements

    18,658       83,832  

Other

    20,040       40,675  

Total accrued liabilities

  $ 867,884     $ 1,071,842