Accrued Expenses and Restructuring Reserve

6 Months Ended

Jun. 30, 2020

Accrued Expenses and Restructuring Reserve [Abstract]

Accrued Expenses and Restructuring Reserve

Note 7 – Accrued Expenses and Restructuring Reserve

Accrued expenses and other liabilities consist of the following:

	As of June 30, 2020		As of December 31, 2019
Accrued research and development costs	$	147,841	$	16,415
Accrued professional fees		135,641		256,062
Accrued compensation		910,876		603,229
Accrued rent		–		221,934
Total	$	1,194,358	$	1,097,640

Restructuring Reserve

	As of June 30, 2020		As of December 31, 2019
Restructuring reserve (1)	$	126,862	$	498,185
Total	$	126,862	$	498,185

(1) Restructuring reserve relates to the severance costs incurred by Edge prior to the Merger and assumed by the Company as part of the purchase accounting, but not yet paid. The severance costs continue through September 2020.  For the six months ended June 30, 2020, the Company paid $371,323 of restructuring expense which was previously recorded on Edge’s financials.