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Accrued Expenses (Tables)
6 Months Ended
Jun. 30, 2024
Payables and Accruals [Abstract]  
Components of Accrued Expenses

Accrued expenses consist of the following:

 

June 30, 2024

 

 

December 31, 2023

 

Compensation and incentives

 

$

2,037

 

 

$

5,239

 

Professional services

 

 

337,192

 

 

 

296,332

 

Deposits

 

 

450,000

 

 

 

450,000

 

Interest

 

 

685,956

 

 

 

912,915

 

Exploration license fees

 

 

7,431,053

 

 

 

6,828,872

 

Total accrued expenses

 

 

8,906,238

 

 

 

8,493,358