XML 34 R15.htm IDEA: XBRL DOCUMENT v3.26.1
Accounts Payable and Accrued Liabilities
 12 Months Ended
Dec. 31, 2025
Accounts Payable and Accrued Liabilities [Abstract]  
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

NOTE 8 – ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

 

Accounts payable and accrued and liabilities at December 31, 2025 and 2024 consisted of the following:

 

   December 31,   December 31, 
   2025   2024 
Accounts payable  $411,142   $1,333,731 
Accrued liabilities   99,313    302,633 
Payroll liabilities   425,985    1,286,353 
   $936,440   $2,922,717 

 

Retirement and Pension Plans

 

The Company maintains a defined contribution plan in the United States under Section 401(k) of the Internal Revenue Code. The plan covers eligible employees, and participants may elect to make contributions subject to applicable limits. The Company does not make employer contributions to the plan. Accordingly, no expense was recognized for employer contributions for the years ended December 31, 2025 and 2024.

 

In Germany, the Company participates in government-mandated pension and social security programs. Contributions to these plans are required by law and are based on a percentage of employee compensation. The Company’s obligation is limited to the statutory contributions, which are recognized as expense in the period in which the related payroll costs are incurred. The Company has no further obligations beyond these contributions.

 

Total pension and related expense for the years ended December 31, 2025 and 2024 was approximately $157,536 and $324,296, respectively, and consists solely of statutory contributions to government plans.