Selected Balance Sheet Information

12 Months Ended

Dec. 31, 2022

Selected Balance Sheet Information

Selected Balance Sheet Information

5. Selected Balance Sheet Information

PREPAID EXPENSES AND OTHER CURRENT ASSETS (in thousands):

	December 31,		December 31,
	2022		2021
Prepaid clinical research organizations	$	2,293	$	458
Prepaid manufacturing expenses		418		—
Prepaid insurance		637		803
Receivable from prior owner		144		—
Prepaid consulting, subscriptions and other expenses		155		272
VAT receivable		87		—
Total	$	3,734	$	1,533

Prepaid CRO expense is classified as a current asset. The Company makes payments to the CROs based on agreed upon terms that include payments in advance of study services.

PROPERTY AND EQUIPMENT (in thousands)

	December 31,		December 31,
	2022		2021
Computers and office equipment	$	897	$	827
Other Property, Plant and Equipment		208		—
Leasehold improvements		94		94
Software		11		11
		1,210		932
Less: accumulated depreciation and amortization		(865)		(831)
Total	$	345	$	101

During the years ended December 31, 2022 and 2021 the Company recognized depreciation exprense of $85,000 and 87,000 respectively.

ACCRUED EXPENSES (in thousands)

	December 31,		December 31,
	2022		2021
Accrued clinical consulting services	$	807	$	696
Accrued vendor payments		492		1,028
Accrued manufacturing costs		197		204
Total	$	1,496	$	1,928

ACCRUED EMPLOYEE BENEFITS (in thousands)

	December 31,		December 31,
	2022		2021
Accrued bonus expense	$	1,216	$	886
Accrued vacation expense		100		92
Accrued compensation expense		87		—
Total	$	1,403	$	978