Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

v3.22.2
Accrued Expenses
 6 Months Ended
Jun. 30, 2022
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 5 – ACCRUED EXPENSES

 

Accrued expenses consist of the following as of June 30, 2022 and December 31, 2021:

 

    June 30,     December 31,  
    2022     2021  
Consulting fees   $ 342,923     $ 548,281  
Professional fees     84,742       252,973  
Accrued legal fees (1)     233,030       300,000  
Employee and director compensation     1,065,561       725,569  
Research and development fees     117,236       91,737  
Interest     30,736       25,433  
Other     5,578       20,587  
    $ 1,879,806     $ 1,964,580  

 

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

 

As of June 30, 2022 and December 31, 2021, accrued expenses - related parties were $103,494 and $18,370, respectively. See Note 10 - Related Parties for details.