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RESTRUCTURING AND SEVERANCE
3 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND SEVERANCE

5. RESTRUCTURING AND SEVERANCE

 

Restructuring and severance charges consist of the following for the three months ended March 31, 2025 and 2024, respectively:

 

   March 31, 2025   March 31, 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 March 31, 2025 consisted of the following:

 

Balance, January 1, 2025  $3,060,388 
Additions and adjustments   - 
Payments and adjustments   - 
Balance, March 31, 2025  $3,060,388