Quarterly report [Sections 13 or 15(d)]

OTHER PAYABLES AND ACCRUED LIABILITIES

OTHER PAYABLES AND ACCRUED LIABILITIES

6 Months Ended

Jun. 30, 2026

Other Liabilities Disclosure [Abstract]

NOTE 7 – OTHER PAYABLES AND ACCRUED LIABILITIES

Other payables and accrued liabilities consist of the following:

	June 30, 2026		December 31, 2025
Accrued compensation	$	107,990	$	7,371
Accrued royalties		1,650,000		1,650,000
Deferred revenue		532,192		683,782
Trade payable		991,766		914,085
Goods received pending invoice		610,765		612,854
Other accrued expenses		732,143		512,353
Total	$	4,624,856	$	4,380,445

These liabilities represent obligations incurred as of the reporting date but not yet paid; accrued compensation includes wages and bonuses earned by employees, and accrued royalties include royalty payments that are potentially owed but not yet paid. Deferred revenue is for amounts received but not yet earned, primarily related to gift card liabilities and loyalty rewards obligations, and trade payables consist of amounts owed to suppliers for goods or services purchased. Other accrued expenses primarily consist of operational costs incurred but not yet invoiced.