Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

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Accrued Expenses
 3 Months Ended
Mar. 31, 2021
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 4 - ACCRUED EXPENSES


Accrued expenses consist of the following as of March 31, 2021 and December 31, 2020:


    March 31,     December 31,  
    2021     2020  
Consulting fees   $ 1,391,923     $ 1,718,559  
Professional fees     658,069       1,261,751  
Employee and director compensation     582,878       878,292  
Research and development fees     134,072       17,817  
Interest     104,434       184,576  
Patent costs     8,974       -  
Travel expenses     4,600       4,600  
Other     -       45,321  
    $ 2,884,950     $ 4,110,916  

As of March 31, 2021 and December 31, 2020, accrued expenses - related parties were $512,992 and $454,951, respectively. As of March 31, 2021, accrued expenses – related parties consisted primarily of professional fees and services. See Note 11 – Related Parties for details.