Balance Sheet Details

6 Months Ended

Jun. 30, 2022

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Details

4. Balance Sheet Details

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	June 30, 2022		December 31, 2021
Prepaid clinical costs	$	—	$	488,614
Prepaid insurance		412,500		—
Other prepaid expenses & current assets		162,981		148,728
Total prepaid expenses & current assets	$	575,481	$	637,342

Property and Equipment, Net

Property and equipment, net consisted of the following:

	June 30, 2022			December 31, 2021
Lab equipment	$	131,963		$	131,963
Total property and equipment, gross		131,963			131,963
Accumulated depreciation		(29,306	)		(16,782	)
Total property and equipment, net	$	102,657		$	115,181

Depreciation expense was $6,262 and $12,524 for the three and six months ended June 30, 2022, respectively, and $642 and $4,449 for the three and six months ended June 30, 2021, respectively.

Accrued Expenses

Accrued expenses consisted of the following:

	June 30, 2022		December 31, 2021
Accrued payroll and related expenses	$	978,343	$	756,729
Accrued clinical study expenses		—		327,244
Accrued professional fees		799,023		294,130
Accrued clinical development costs		68,300		145,566
Accrued other expenses		30,229		5,000
Premium Finance Agreement		293,333		—
Total accrued expenses	$	2,169,228	$	1,528,669