Annual report pursuant to Section 13 and 15(d)

ACCRUED EXPENSES

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ACCRUED EXPENSES
 12 Months Ended
Dec. 31, 2021
Accrued Expenses  
ACCRUED EXPENSES

NOTE 7 – ACCRUED EXPENSES

 

Accrued expenses as of December 31, 2021 and 2020 consisted of the following:

 

    December 31,
2021		     December 31,
2020		  
Accrued employee compensation   $ 1,794,000     $ 1,982,000  
Accrued contracted services and other     3,091,000       1,428,000  
Accrued sublicense fee owed to licensor     700,000       -  
Accrued expenses   $ 5,585,000     $ 3,410,000