Quarterly report [Sections 13 or 15(d)]

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

v3.25.1
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)
3 Months Ended
Mar. 31, 2025
ACCOUNTS PAYABLE AND ACCRUED EXPENSES  
Schedule of accounts payable and accrued expenses

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Accounts payable

 

$ 2,967,531

 

 

$ 3,023,517

 

Interest payable on notes payable

 

 

1,349,859

 

 

 

1,328,653

 

Interest payable on notes payable, related parties

 

 

655,723

 

 

 

620,023

 

Deferred insurance

 

 

1,313

 

 

 

14,724

 

Accrual of interest and loss on contingency

 

 

318,000

 

 

 

410,823

 

Interest payable on EIDL loan

 

 

5,515

 

 

 

5,550

 

Line of credit

 

 

32,500

 

 

 

-

 

Accrual of interest on unpaid upfront purchase price

 

 

1,480

 

 

 

-

 

Research and development required expenditures

 

 

5,307,421

 

 

 

-

 

Accrued expenses

 

 

223,290

 

 

 

171,541

 

 

 

$ 10,862,632

 

 

$ 5,574,831