Selected Balance Sheet Information

6 Months Ended

Jun. 30, 2023

Selected Balance Sheet Information

Selected Balance Sheet Information

6. Selected Balance Sheet Information

Prepaid expenses and other current assets (in thousands)

	June 30,		December 31,
	2023		2022
Prepaid clinical research organizations	$	2,065	$	2,293
Prepaid manufacturing expenses		859		418
Prepaid insurance		321		637
Prepaid consulting, subscriptions and other expenses		182		155
Receivable from prior owner		146		144
VAT receivable		144		87
Total	$	3,717	$	3,734

Prepaid clinical research organizations (CROs) 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. Receivable from prior VCN owner includes amounts due related to research and development tax rebates, VAT and corporate taxes.

6. Selected Balance Sheet Information – (continued)

Property and equipment, net (in thousands)

	June 30,		December 31,
	2023		2022
Computers and office equipment	$	901	$	897
Other Property, Plant and Equipment		225		208
Leasehold improvements		94		94
Software		11		11
		1,231		1,210
Less: accumulated depreciation and amortization		(930)		(865)
Total	$	301	$	345

Accrued expenses (in thousands)

	June 30,		December 31,
	2023		2022
Accrued clinical consulting services	$	961	$	807
Accrued manufacturing costs		443		197
Accrued vendor payments		422		492
Total	$	1,826	$	1,496

Accrued employee benefits (in thousands)

	June 30,		December 31,
	2023		2022
Accrued bonus expense	$	606	$	1,216
Accrued compensation expense		350		87
Accrued vacation expense		114		100
Total	$	1,070	$	1,403