Accounts Payable and Accrued Expenses

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

NOTE 6 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following as of June 30, 2021 and December 31, 2020:

	June 30, 2021		December 31, 2020
Trade payables	$	438,702	$	311,024
Accrued interest		919		554,755
Accrued payroll and related obligations		1,160,478		891,790
Current portion of operating lease liabilities		92,503		117,414
Other*		411,352		790,149
Total	$	2,103,954	$	2,665,132

* Included in Other expenses was accrued non-employee Directors’ Compensation of approximately $349,000 at December 31, 2020. In May 2021, the non-employee Directors were compensated for their service through a grant of stock options and therefore the balance of the accrual for Director’s Compensation was $ 0 at June 30, 2021. See Note 10.

In June 2021, the majority of the accrued interest was converted into common stock. See Note 8. 

NOTE 5 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following as of December 31, 2020 and 2019:

	2020		2019
Trade payables	$	311,024	$	513,292
Accrued interest		554,755		641,834
Accrued payroll and related expenses		891,790		386,165
Current portion of operating lease liabilities		117,414		242,650
Other*		790,149		431,971
Total	$	2,665,132	$	2,215,912

* Included in other is accrued Board of Directors Compensation of $349,000 and $54,000 as of December 31, 2020 and December 31, 2019, respectively. We anticipate the non-management Board of Directors will be compensated for their service through the issuance of stock compensation after the next Annual Meeting.