As of June 30, 2026 and December 31, 2025, the Company had accrued expenses of $1,095,543 and $709,818, respectively. At June 30, 2026, accrued expenses consist primarily of $719,043 in compensation payable to the Company’s officers, $286,500 for bonuses and $90,000 in fees to members of its board of directors. At December 31, 2025, accrued expenses consist primarily of $363,318 in compensation payable to the Company’s officers, $286,500 for bonuses and $60,000 in fees to members of its board of directors.