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Accrued Expenses
 6 Months Ended
Jun. 30, 2024
Accrued Expenses [Abstract]  
ACCRUED EXPENSES

NOTE 5 - ACCRUED EXPENSES

 

Accrued expenses consist of the following as of June 30, 2024 and December 31, 2023:

 

   June 30,   December 31, 
   2024   2023 
Consulting fees  $86,887   $645,081 
Professional fees   
-
    184,846 
Litigation accrual   
-
    49,999 
Employee and director compensation   99,125    530,383 
Research and development fees   311,588    378,683 
Interest   53,470    70,923 
Other   8,663    9,899 
   $559,733   $1,869,814 

 

During the six months ended June 30, 2024, the Company had amounts due to contractors related to certain R&D programs that were forgiven; as a result, the Company reduced its accounts payable and accrued liabilities accounts by $588,506 and $450,859, respectively, during the period and recorded the forgiven amounts as other income for a total of $1,039,364 on the income statement.