ACCRUED LIABILITIES AND ACCOUNTS PAYABLE

6 Months Ended

Jun. 30, 2023

ACCRUED LIABILITIES AND ACCOUNTS PAYABLE

ACCRUED LIABILITIES AND ACCOUNTS PAYABLE

5. ACCRUED LIABILITIES AND ACCOUNTS PAYABLE

Accrued liabilities consist of the following:

	June 30,		December 31,
	2023		2022
Legal	$	61,346	$	—
Accounting		113,923		73,970
Research and development		604,563		3,185,346
Other		(3,980)		178,330
Accrued liabilities	$	775,852	$	3,437,646

Accounts payable are current obligations due to vendors.  In May 2023, the Company entered into an agreement with a vendor which gives the option to defer payment on approximately $5.3 million of current accounts payable and accrued liabilities until March 31, 2024. The outstanding balance of invoices due to the vendor will accrue interest at an annual rate of 5.5%, which will be paid monthly. The Company may repay the outstanding balance at any time.