Quarterly report [Sections 13 or 15(d)]

Related Parties

v3.25.1
Related Parties
3 Months Ended
Mar. 31, 2025
Related Parties [Abstract]  
RELATED PARTIES

NOTE 11 - RELATED PARTIES

 

Accounts Payable – Related Parties

 

Accounts payable - related parties were $897,721 and $684,181 as of March 31, 2025 and December 31, 2024, respectively, and consist of amounts 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 $135,455 and $170,542 during the three months ended March 31, 2025 and 2024, respectively, is related to consulting and professional fees paid to current or former officers, directors or greater than 10% investors, or affiliates thereof.