Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

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Accrued Expenses
 3 Months Ended
Mar. 31, 2022
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 4 - ACCRUED EXPENSES

 

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

 

    March 31,     December 31,  
    2022     2021  
Consulting fees   $ 427,197     $ 548,281  
Professional fees     195,765       252,973  
Litigation settlements (1)     1,025,122       300,000  
Employee and director compensation     786,721       725,569  
Research and development fees     159,694       91,737  
Interest     28,067       25,433  
Other     4,895       20,587  
    $ 2,627,461     $ 1,964,580  

 

(1)

See Note 8 - Commitments and Contingencies, Legal Matters.

 

As of March 31, 2022 and December 31, 2021, accrued expenses - related parties were $37,640 and $18,370, respectively. See Note 10 - Related Parties for details.