Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

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ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
 12 Months Ended
Dec. 31, 2022
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

NOTE 16 — ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

 

As of December 31, 2022 and 2021, accrued expenses and other current liabilities consist of:

 

                 
    As of December 31,  
    2022     2021  
Accrued expenses   $ 1,539,791     $ 390,138  
Sundry payables     1,007,222       165,307  
North West Parks Board     955,591       1,177,050  
VAT     184,977       48,493  
Other taxation payable     121,959       33,314  
Derivative liability     —       250,000  
 Total   $ 3,809,540     $ 2,064,302  

 

The North West Parks Board accrual represents the amounts owed related to the Company’s Tau Game Lodge. The amount owed is related to turnover fees, concession fees and interest payable.