Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities

v3.21.1
Accrued Liabilities
3 Months Ended
Mar. 31, 2021
Payables and Accruals [Abstract]  
Accrued Liabilities

NOTE 8 – ACCRUED LIABILITIES

 

Accrued liabilities were comprised of the following:

 

    March 31,     December 31,  
    2021     2020  
    (Unaudited)        
Accrued compensation and related taxes   $ 473,600     $ 486,400  
Accrued interest     1,310,900       1,170,500  
Accrued settlement/litigation claims     150,000       150,000  
Warranty and defect claims     35,700       34,000  
Other     127,200       136,300  
Total Accrued Liabilities   $ 2,097,400     $ 1,977,200