Quarterly report [Sections 13 or 15(d)]

ACCRUED LIABILITIES

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ACCRUED LIABILITIES
3 Months Ended
Mar. 31, 2025
Payables and Accruals [Abstract]  
ACCRUED LIABILITIES

NOTE 7 – ACCRUED LIABILITIES

 

Accrued liabilities were comprised of the following:

 

    March 31,     December 31,  
    2025     2024  
    (unaudited)     *  
Accrued compensation and related taxes   $ 112,300     $ 128,000  
Accrued interest     4,496,700       4,276,400  
Accrued settlement/litigation claims     150,000       150,000  
Warranty and defect claims     59,800       58,000  
Other     156,200       144,300  
Total Accrued Liabilities   $ 4,975,000     $ 4,756,700