Annual report pursuant to Section 13 and 15(d)

ACCRUED LIABILITIES

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ACCRUED LIABILITIES
12 Months Ended
Dec. 31, 2023
Payables and Accruals [Abstract]  
ACCRUED LIABILITIES

NOTE 7 - ACCRUED LIABILITIES

 

Accrued liabilities were comprised of the following:

 

    December 31, 2023     December 31, 2022  
             
Accrued compensation and related taxes   $ 89,000     $ 81,900  
Accrued interest     3,386,700       2,562,300  
Accrued settlement/litigation claims     150,000       150,000  
Warranty and defect claims     51,000       57,000  
Other     82,600       102,600  
Total Accrued Liabilities   $ 3,759,300     $ 2,953,800