Quarterly report [Sections 13 or 15(d)]

Accrued Expenses

v3.25.1
Accrued Expenses
3 Months Ended
Mar. 31, 2025
Payables and Accruals [Abstract]  
Accrued Expenses

3. ACCRUED EXPENSES

As of March 31, 2025 and December 31, 2024 accrued expenses consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Bonus

 

$

1,227,667

 

 

$

941,098

 

Professional fees

 

 

287,606

 

 

 

123,317

 

Research and development costs

 

 

1,391,612

 

 

 

1,035,355

 

Other

 

 

309,257

 

 

 

217,832

 

Total accrued expenses

 

$

3,216,142

 

 

$

2,317,602