Quarterly report pursuant to Section 13 or 15(d)

Note 15 - Accounts Payable and Accrued Expenses

v3.23.3
Note 15 - Accounts Payable and Accrued Expenses
9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]

Note 15. Accounts Payable and Accrued Expenses

 

Accounts payable and accrued expenses consisted of the following:

 

   

September 30, 2023

   

December 31, 2022

 
   

(Unaudited)

   

(Audited)

 

Accounts payable

  $ 12,362,513     $ 1,194,067  

Accrued wages and payroll liabilities

    366,569       23,040  

Accrued PBM fees

    650,000       -  

Rental deposits

    -       4,325  

Customer deposits payable

    55,748       86,462  

VAT liability & sales tax payable

    6,480       5,685  

U.K. income tax payable

    -       23,771  

Accrued legal fees

    -       84,685  

Pre-merger accrued other liabilities

    -       88,448  

Accrued interest

    265       356  

Accrued other liabilities

    239,090       7,256  

Total

  $ 13,680,665     $ 1,518,095  

 

The increase in accounts payable and accrued expenses was attributable to the consolidation of Progressive Care at July 1, 2023.