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PREPAID EXPENSES AND OTHER CURRENT ASSETS
 3 Months Ended
Mar. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS PREPAID EXPENSES AND OTHER CURRENT ASSETS
Prepaid expenses and other current assets at March 31, 2025 and December 31, 2024 consisted of the following:
 March 31, 2025December 31, 2024
Insurance$158,832 $287,785 
Deferred offering cost286,241 221,580 
Other prepaid and current assets61,633 43,669 
Total prepaid expenses and other current assets$506,706 $553,034 
Insurance is mainly comprised of prepaid directors' and officers' insurance. In July 2024, the Company financed its directors and officers' insurance premium with a short term note, the principal amount of which is approximately $0.4 million bearing interest at a rate of 9.74%. The note payable balance, which was included within Current Liabilities on the Condensed Consolidated Balance Sheet was $0.1 million and $0.2 million at March 31, 2025 and December 31, 2024, respectively.