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RESTRUCTURING AND SEVERANCE
6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND SEVERANCE

5. RESTRUCTURING AND SEVERANCE

 

Restructuring and severance charges consist of the following for the three and six months ended June 30, 2025 and 2024, respectively:

 

 

 

   2025   2024   2025   2024 
  

For the Three Months Ended
June 30,

  

For the Six Months Ended
June 30,

 
   2025   2024   2025   2024 
                 
Severance expense  $-   $-   $-   $1,404,038 
Rent expense   -    -    -    10,800 
Total restructuring and severance  $-   $-   $-   $1,414,838 

 

The changes in the carrying amount of restructuring and severance liabilities for the period from January 1, 2025 through June 30, 2025 consisted of the following:

 

Balance, January 1, 2025  $3,060,388 
Additions and adjustments   - 
Payments and adjustments   (51,332)
Balance, June 30, 2025  $3,009,056