Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

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Accrued Expenses
 6 Months Ended
Jun. 30, 2023
Accrued Expenses [Abstract]  
ACCRUED EXPENSES

NOTE 5 - ACCRUED EXPENSES

 

Accrued expenses consist of the following as of June 30, 2023 and December 31, 2022:

 

    June 30,     December 31,  
    2023     2022  
Consulting fees   $ 568,550     $ 531,829  
Professional fees     125,000       3,945  
Litigation accrual (1)     68,119       125,255  
Employee and director compensation     1,232,671       1,558,024  
Research and development fees     436,078       22,023  
Interest     62,095       36,422  
Other     7,132       7,018  
    $ 2,499,645     $ 2,284,516  

 

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

 

As of June 30, 2023 and December 31, 2022, accrued expenses - related parties were $287,420 and $188,159, respectively. See Note 10 - Related Parties for details.