Note 11 – Accrued expenses and other current liabilities
Accrued expenses and other current liabilities
consisted of the following:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| | |
| | |
| |
| Customer security
deposits (a) | |
$ | 120,362 | | |
$ | 138,150 | |
| Payroll payable | |
| 874,790 | | |
| 696,594 | |
| Other payables | |
| 163,361 | | |
| 132,661 | |
| Total | |
$ | 1,158,513 | | |
$ | 967,405 | |
| a. | The majority of customer security deposits are from distributors who make bulk purchases from the Company. The Company offers these customers favorable pricing but requires each of these customers to maintain a certain amount of security deposit to be a sales distributor. The deposits are interest-free and shall be returned to those customers when customers terminate their distribution relationship with the Company. |
|