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ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
 12 Months Ended
Dec. 31, 2025
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES  
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

NOTE 13. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

 

 

 

As of December 31,

 

 

 

2025

 

 

2024

 

Commissions

 

$174,783

 

 

$187,151

 

Payroll and related costs

 

 

533,817

 

 

 

125,773

 

Director fees

 

 

64,650

 

 

 

37,650

 

Sales tax payable

 

 

1,653

 

 

 

3,864

 

Accrued warranty (Note 14)

 

 

10,905

 

 

 

30,000

 

Other accrued expenses and other current liabilities

 

 

74,895

 

 

 

71,237

 

 

 

$860,703

 

 

$455,675

 

 

The increase in payroll and related costs from $125,773 at December 31, 2024 to $533,817 at December 31, 2025 primarily reflects the accrual of earned but unpaid compensation to certain executive officers. As a cash conservation measure, certain members of executive management have not been paid their earned compensation in cash during the year. These obligations are fully accrued in accordance with ASC 710 and remain payable in accordance with the terms of the applicable employment arrangements. The Company intends to satisfy these obligations as operating cash flow permits. For further information regarding the compensation arrangements with the Company's named executive officers, including the portion of salary earned but not paid in cash during fiscal 2025, see the Summary Compensation Table and related footnotes in Part III, Item 11 of this Annual Report.