Company: INDP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021759
Chunk: 13

Company: Indaptus Therapeutics, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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    September 30, 2025  
    December 31, 2024 
  
    Accounts payable 
    $707,420  
    $870,229 
  
    Accrued employee costs 
     43,389  
     1,371,498 
  
    Accrued professional fees 
     62,656  
     72,054 
  
    Accrued research and development 
     1,358,464  
     860,958 
  
    Accrued board fees 
     -  
     117,750 
  
    State franchise taxes payable 
     34,100  
     - 
  
    Other accrued expenses 
     19,610  
     17,228 
  
    Total accounts payable and other current liabilities 
    $2,225,639  
    $3,309,717 

    F-8

NOTE
5: STOCK-BASED COMPENSATION

The
Company has an equity incentive plan for grants to employees, officers, consultants, directors, and other service providers that was
approved in 2021 (the “2021 Plan”). The 2021 Plan provides for the grant of non-qualified stock options, incentive stock
options, restricted stock awards, restricted stock units, unrestricted stock awards, stock appreciation rights and other forms of stock-based
compensation. The 2021 Plan permits the Company’s board to change the type, terms, and conditions of awards as circumstances may
change. This flexibility to adjust the type of compensation to be granted is particularly important given current economic and world
events.

A
summary of the stock option activity during the period ended September 30, 2025, is presented in the table below:

 SCHEDULE OF STOCK OPTION ACTIVITY 

    Weighted average  

    Number of  options  
    Exercise  price  
    Remaining
                                                                               contractual life
                                                                               (in years)  
    Intrinsic value 
  
    Outstanding as of January 1, 2025 
     103,114  
    $225.68  
     7.6  
    $- 
  
    Granted 
     3,301  
    $9.24  
     -  
    $- 
  
    Forfeited and cancelled 
     (2,019) 
    $-  
     -  
    $-