OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENT ASSETS, PREPAYMENTS AND OTHER NON - CURRENT ASSETS

12 Months Ended

Dec. 31, 2023

OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENT ASSETS, PREPAYMENTS AND OTHER NON - CURRENT ASSETS.

OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENT ASSETS, PREPAYMENTS AND OTHER NON - CURRENT ASSETS

3.OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENT ASSETS, PREPAYMENTS AND OTHER NON - CURRENT ASSETS

Other receivables consist of the following:

	As of December 31,
	2022		2023
Other receivables – offering consideration(1)	$	—	$	762
Other receivables		—		56
	$	—	$	818

(1) this represents from ATM offering proceeds that were not received and recorded as other receivables due from the sales agent as of December 31, 2023. The amount was collected in cash on January 2, 2024.

Prepayments and other current assets consist of the following:

	As of December 31,
	2022		2023
Prepaid insurance premiums	$	497	$	762
Other prepayments		202		154
Deductible value-added tax input		17		31
	$	716	$	947

Prepayments and other non-current assets consist of the following:

	As of December 31,
	2022		2023
Prepaid insurance premiums	$	—	$	62
Other prepayments for research and development expense(2)		31		3,235
	$	31	$	3,297

(2) Other prepayments for research and development expense represents payments made to third party CROs to assist in the performance of clinical trial activities and the contract duration is expected to be 5 years.