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ACCRUED PAYROLL AND RELATED EXPENSES
3 Months Ended
Mar. 31, 2023
Accrued Payroll And Related Expenses  
ACCRUED PAYROLL AND RELATED EXPENSES

NOTE 10 – ACCRUED PAYROLL AND RELATED EXPENSES

 

The Company is delinquent in filing its payroll taxes, primarily related to stock compensation awards in 2016 and 2017, but also including payroll for 2018, 2019, 2020, and 2021. Additionally, there is accrued payroll for the last three days of the year ended December 31, 2022 and ten days of the quarter ended March 31, 2023. As of March 31, 2023 and December 31, 2022, the Company owed payroll tax liabilities, including penalties, of $3,909,762 and $3,946,411, respectively, to federal and state taxing authorities. The actual liability may be higher or lower due to interest or penalties assessed by federal and state taxing authorities.