Accrued
expenses consisted of the following at June 30, 2025 and December 31, 2024:
Schedule of Accrued Expenses
| | |
June 30, | | |
December 31, | |
| | |
2025 | | |
2024 | |
| Interest | |
$ | 267,984 | | |
$ | 15,089 | |
| State franchise taxes | |
| 102,000 | | |
| 200,000 | |
| Research and development | |
| 96,216 | | |
| 341,956 | |
| Employee compensation | |
| - | | |
| 355,475 | |
| Insurance | |
| - | | |
| 34,469 | |
| CIP- Equipment | |
| - | | |
| 31,160 | |
| Professional fees | |
| - | | |
| 5,000 | |
| Other | |
| 35,586 | | |
| 56,476 | |
| Total accrued expenses | |
$ | 501,786 | | |
$ | 1,039,625 | |
|