Accrued Expenses and Restructuring Reserve (Tables)

9 Months Ended

Sep. 30, 2020

Accrued Expenses and Restructuring Reserve [Abstract]

Accrued expenses and other liabilities consist of the following:

	As of September 30, 2020		As of December 31, 2019
Accrued research and development costs	$	15,415	$	16,415
Accrued professional fees		101,470		256,062
Accrued compensation		1,105,888		603,229
Accrued rent		–		221,934
Total	$	1,222,773	$	1,097,640

Restructuring Reserve

	As of September 30, 2020		As of December 31, 2019
Restructuring reserve (1)	$	-	$	498,185
Total	$	-	$	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 nine months ended September 30, 2020, the Company paid $498,185 in restructuring costs which was previously accrued.