Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

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Accrued Expenses
 3 Months Ended
Mar. 31, 2023
Accrued Expenses [Abstract]  
ACCRUED EXPENSES

NOTE 5 – ACCRUED EXPENSES

 

Accrued expenses consist of the following as of March 31, 2023 and December 31, 2022:

 

    March 31,     December 31,  
    2023     2022  
Consulting fees   $ 517,489     $ 531,829  
Professional fees     -       3,945  
Litigation accrual (1)     764,556       125,255  
Employee and director compensation     1,305,521       1,558,024  
Research and development fees     165,395       22,023  
Interest     56,457       36,422  
Other     11,595       7,018  
    $ 2,821,013     $ 2,284,516  

  

(1) See Note 8 - Commitments and Contingencies, Legal Matters.

 

As of March 31, 2023 and December 31, 2022, accrued expenses - related parties were $228,581 and $188,159, respectively. See Note 10 - Related Parties for details.