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.