Accrued Expenses and Other Current Liabilities

9 Months Ended

12 Months Ended

Sep. 30, 2023

Dec. 31, 2022

Payables and Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

Note 5 – Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following as of September 30, 2023 and December 31, 2022:

	September 30,		December 31,
	2023		2022
L&F milestone payment liability	$	500,000	$	1,500,000
L&F Note [1]		-		(351,579	)
L&F, net		500,000		1,148,421
Payroll accrual		894,416		584,226
Other accrued expenses		31,969		214,229
Federal income tax payable		129,922		106,683
Bonus accrual		1,212,359		-
Registration delay liability [2]		6,819		-
Total accrued expenses and other current liabilities	$	2,775,485	$	2,053,559

[1]	See Note 8 – “Commitments and Contingencies” for details of the forgiveness of the L&F Note.
[2]	See Note 9 – “Stockholders’ Permanent and Temporary Equity” for details of the registration delay liability.

Note 6 – Accrued Expenses and Other Current Liabilities

As of December 31, 2022 and 2021, accrued expenses and other current liabilities consisted of the following:

	For the Years Ended
	December 31,
	2022			2021
L&F milestone payment liability	$	1,500,000		$	1,500,000
L&F Note		(351,579	)		(351,579	)
L&F, net		1,148,421			1,148,421
Payroll accrual		584,226			-
Other accrued expenses		214,229			-
Federal income tax payable		106,683			-
Accrued interest		-			748,767
Deferred rent		-			16,913
Total accrued expenses and other current liabilities	$	2,053,559		$	1,914,101