Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expense and Other Current Assets

Prepaid Expense and Other Current Assets

6 Months Ended

Jun. 30, 2023

Prepaid Expense And Other Current Assets

Prepaid Expense and Other Current Assets

7. Prepaid Expense and Other Current Assets

Schedule of Prepaid Expense and Other Current Assets at June 30, 2023 and December 31, 2022:

	June 30, 2023		December 31, 2022
Prepaid research and expense	$	1,455,456	$	2,471,809
Prepaid insurance		56,393		372,989
Prepaid financing costs		75,000		-
Other prepaid costs		25,000		-
Total accounts payable and accrued expenses	$	1,611,849	$	2,844,798

As of June 30, 2023 and December 31, 2022, the Company had approximately $1.6 million and $2.8 million in prepaid expenses, respectively. The balance at June 30, 2023 reflects approximately $1.5 million of prepaid expense to third-party vendors for research and development to be completed.