Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

v3.22.2.2
Accrued Expenses
 9 Months Ended
Sep. 30, 2022
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 5 – ACCRUED EXPENSES

 

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

 

    September 30,     December 31,  
    2022     2021  
Consulting fees   $ 402,315     $ 548,281  
Professional fees     26,738       252,973  
Accrued legal fees (1)     218,217       300,000  
Employee and director compensation     1,236,014       725,569  
Research and development fees     168,172       91,737  
Interest     33,523       25,433  
Other     7,050       20,587  
    $ 2,092,029     $ 1,964,580  

 

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

 

As of September 30, 2022 and December 31, 2021, accrued expenses - related parties were $158,467 and $18,370, respectively. See Note 10 - Related Parties for details.