Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

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Accrued Expenses
3 Months Ended
Mar. 31, 2024
Payables and Accruals [Abstract]  
Accrued Expenses

3. ACCRUED EXPENSES

As of March 31, 2024 and December 31, 2023 accrued expenses consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Bonus

 

$

1,006,187

 

 

$

786,999

 

Professional fees

 

 

175,910

 

 

 

77,942

 

Research and development costs

 

 

989,847

 

 

 

998,838

 

Accrued severance

 

 

603,635

 

 

 

824,435

 

Other

 

 

259,686

 

 

 

610,393

 

Total accrued expenses

 

$

3,035,265

 

 

$

3,298,607