Quarterly report [Sections 13 or 15(d)]

Related Parties

v3.25.2
Related Parties
6 Months Ended
Jun. 30, 2025
Related Parties [Abstract]  
RELATED PARTIES

NOTE 11 - RELATED PARTIES

 

Accounts Payable – Related Parties

 

Accounts payable - related parties were $1,093,432 and $684,181 as of June 30, 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 $140,372 and $133,665 and $275,827 and $304,207 during the three and six months ended June 30, 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.