v3.23.2
Accrued Expenses and Other Current Liabilities
 3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Payables and Accruals [Abstract]    
Accrued Expenses and Other Current Liabilities

Note 4 – Accrued Expenses and Other Current Liabilities

 

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

 

   March 31,   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   291,552    584,226 
Other accrued expenses   51,968    214,229 
Federal income tax payable   106,683    106,683 
Bonus accrual   764,590    - 
Registration delay liability [2]   398,019    - 
Total accrued expenses and other current liabilities  $2,112,812   $2,053,559 

 

[1]See Note 7 – Commitments and Contingencies for details of the forgiveness of the L&F Note.

 

[2]See Note 8 – 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:

 

   2022   2021 
   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