Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

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Accrued Expenses
 12 Months Ended
Dec. 31, 2023
Accrued Expenses [Abstract]  
ACCRUED EXPENSES

NOTE 6 - ACCRUED EXPENSES

 

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

 

    December 31,  
    2023     2022  
Consulting fees   $ 645,081     $ 531,829  
Professional fees     184,846       3,945  
Litigation accrual (1)     49,999       125,255  
Employee and director compensation (2)     530,383       1,558,024  
Research and development fees     378,683       22,023  
Interest     70,923       36,422  
Other     9,899       7,018  
    $ 1,869,814     $ 2,284,516  

 

(1) See Note 9 - Commitments and Contingencies, Potential Legal Matters.
(2) See Note 13 – Subsequent Events for additional details for this current year balance.

 

As of December 31, 2023 and 2022, accrued expenses - related parties were $0 and $188,159, respectively. See Note 9 – Commitments & Contingencies and Note 12 - Related Parties for details.