(5)
Accrued Expenses
Accrued
expenses consisted of the following at June 30, 2026 and December 31, 2025:
Schedule of Accrued Expenses
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Interest | |
$ | 388,702 | | |
$ | 563,883 | |
| Pre-commercialization costs | |
| 255,070 | | |
| 393,076 | |
| Manufacturing materials | |
| 221,397 | | |
| - | |
| Manufacturing activities | |
| 157,275 | | |
| - | |
| State franchise taxes | |
| 106,000 | | |
| 44,000 | |
| Employee compensation | |
| 86,817 | | |
| 455,177 | |
| Professional fees | |
| 80,000 | | |
| 31,542 | |
| Research and development | |
| - | | |
| 166,696 | |
| Other | |
| 27,275 | | |
| 87,742 | |
| Total accrued expenses | |
$ | 1,322,536 | | |
$ | 1,742,116 | |
|