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Accrued Expenses | 9 Months Ended
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Sep. 30, 2024
Payables and Accruals [Abstract] |
Accrued Expenses | Accrued Expenses Accrued expenses consisted of the following at:
| September 30, 2024 |  | December 31, 2023
Employee payroll and bonuses | $ | 318,619 |  |  | $ | 207,556 |
Vacation | 71,361 |  |  | 31,074 |
Research and development projects | 46,474 |  |  | 85,767 |
Professional fees | 48,550 |  |  | 35,624 |
Other | 1,977 |  |  | 23,647 |
Total accrued expenses | $ | 486,981 |  |  | $ | 383,668 |
The Company accrues expenses related to development activities performed by third parties based on an evaluation of services received and efforts expended pursuant to the terms of the contractual arrangements. Payments under some of these contracts depend on research and non-clinical trial milestones. There may be instances in which payments made to the Company’s vendors will exceed the level of services provided and result in a prepayment of expense. In accruing service fees, the Company estimates the period over which services will be performed and the level of effort to be expended in each period. If the actual timing of the performance of services or the level of effort varies from the estimate, the Company will adjust the accrual or prepaid expense accordingly. The Company has not experienced any material differences between accrued costs and actual costs incurred since its inception.

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