Related Parties |
6 Months Ended |
|---|---|
Jun. 30, 2023 | |
| Related Parties [Abstract] | |
| RELATED PARTIES |
NOTE 10 - RELATED PARTIES
Accrued Expenses - Related Parties
Accrued expenses - related parties was $287,420 as of June 30, 2023 and consists of accrued consulting fees for services provided by certain directors and consultants, interest accrued on loans and convertible notes due to certain officers and directors of the Company, as well as deferred compensation for certain executives. Accrued expenses - related parties was $188,159 as of December 31, 2022 and consists of interest accrued on loans and convertible notes due to certain officers and directors of the Company, as well as deferred compensation for certain executives.
Research and Development Expenses - Related Parties
Research and Development Expenses – Related Parties of $131,463 and $57,336 during the three months ended June 30, 2023 and 2022, respectively, and $348,147 and $105,054 during the six months ended June 30, 2023 and 2022, respectively, are related to consulting and professional fees paid to current or former officers, directors or greater than 5% stockholders, or affiliates thereof.
General and Administrative Expenses - Related Parties
General and Administrative Expenses – Related Parties of $0 and $0 during the three months ended June 30, 2023 and 2022, respectively, and $0 and $5,261 during the six months ended June 30, 2023 and 2022, respectively, are related to professional fees paid to current or former officers, directors or greater than 5% stockholders, or affiliates thereof.
Interest (Expense) Income - Related Parties
During the three and six months ended June 30, 2023, the Company recorded no interest (expense) income – related parties.
During the three and six months ended June 30, 2022, the Company recorded ($1,531) and $3,031, respectively, of interest (expense) income - related parties related to loans from greater than 5% stockholders or affiliates of the Company. |