Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 546

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 13
Chunk 546
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of December 31, 2024 and 2023, $64,105 and $67,750, respectively, was due to a Company wholly owned by the Company’s
Chief Financial Officer, who also is an option holder. The amount is included in accrued compensation on the Company’s balance
sheets.

Director
Independence

Our
common stock is listed on the Nasdaq Capital Market. Under applicable rules of the Nasdaq Capital Market, a director will only qualify
as an “independent director” if, in the opinion of the listed company’s board of directors, that person does not have
a relationship that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. In
order to be considered independent for purposes of Rule 10A-3, a member of an audit committee of a listed company may not, other than
in his or her capacity as a member of the audit committee, the board of directors, or any other board committee, accept, directly or
indirectly, any consulting, advisory, or other compensatory fee from the listed company or any of its subsidiaries or otherwise be an
affiliated person of the listed company or any of its subsidiaries.

The
Company’s Board of Directors has affirmatively determined that currently three of its seven directors (Christer Rosén, Marshall
Hayward, Ph.D., and Alison D. Silva) are non-independent directors of the Company and four of its seven directors (Nicholas H. Hemmerly,
Julie Kampf, Allison W. Brady, and Holger Weis) are independent directors of the Company as defined in the Nasdaq standards. Therefore,
a majority of the members of our Board of Directors are independent.

ITEM
14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Our
Audit Committee has appointed Assurance Dimensions to serve as the Company’s independent registered accounting firm. The following
is a summary of fees paid or to be paid to Assurance Dimensions for the fiscal years ended December 31, 2024 and 2023.

    Year
    Ended December 31, 

    2024  
    2023 
  
    Audit
    Fees 
    $84,000  
    $70,000 
  
    Audit-Related
    Fees 
     14,300  
     5,500 
  
    Tax Fees 
     -  
     - 
  
    All Other
    Fees 
     -