General form of registration statement for all companies including face-amount certificate companies

Accrued Expenses

v3.22.4
Accrued Expenses
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Payables And Accruals [Abstract]    
Accrued Expenses

3.

ACCRUED EXPENSES

As of September 30, 2022 and December 31, 2021, accrued expenses consisted of the following:

 

 

 

September 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Bonus

 

$

781,647

 

 

$

384,750

 

Professional fees

 

 

70,922

 

 

 

380,277

 

Research and development costs

 

 

514,676

 

 

 

268,140

 

Deferred compensation to former officers

 

 

32,594

 

 

 

111,271

 

Other

 

 

37,361

 

 

 

41,157

 

Total accrued expenses

 

$

1,437,200

 

 

$

1,185,595

 

 

3.

ACCRUED EXPENSES

As of December 31, 2021 and 2020, accrued expenses consisted of the following:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Bonus

 

$

384,750

 

 

 

780,000

 

Interest

 

 

 

 

 

12,678

 

Professional fees

 

 

380,277

 

 

 

46,132

 

Research and development costs

 

 

268,140

 

 

 

 

Other

 

 

41,157

 

 

$

 

Total accrued expenses

 

$

1,074,324

 

 

$

838,810