Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

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Accrued Expenses
 9 Months Ended
Sep. 30, 2023
Accrued Expenses [Abstract]  
ACCRUED EXPENSES

NOTE 5 - ACCRUED EXPENSES

 

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

 

    September 30,     December 31,  
    2023     2022  
Consulting fees   $ 582,476     $ 531,829  
Professional fees     125,000        3,945  
Litigation accrual (1)     49,999       125,255  
Employee and director compensation     1,367,453       1,558,024  
Research and development fees     175,165       22,023  
Interest     66,415       36,422  
Other     9,152       7,018  
    $ 2,375,660     $ 2,284,516  

 

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

 

As of September 30, 2023 and December 31, 2022, accrued expenses - related parties were $328,303 and $188,159, respectively. See Note 10 - Related Parties for details.