| Schedule of prepaid expenses |
Prepaid expenses and other
current assets consist of the following as of September 30, 2023 and December 31, 2022:
| |
|
September 30, |
|
|
December 31, |
|
| |
|
2023 |
|
|
2022 |
|
| Insurance |
|
$ |
208,064 |
|
|
$ |
1,027,292 |
|
| Research and development expense tax credit receivable |
|
|
51,639 |
|
|
|
546,563 |
|
| Professional fees |
|
|
369,906 |
|
|
|
310,017 |
|
| Value-added tax receivable |
|
|
53,134 |
|
|
|
48,774 |
|
| Income taxes |
|
|
25,634 |
|
|
|
25,634 |
|
| |
|
$ |
708,377 |
|
|
$ |
1,958,280 |
|
|
Prepaid expenses consist
of the following as of December 31, 2022 and 2021:
| |
|
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Insurance (1) |
|
$ |
1,027,292 |
|
|
$ |
1,937,693 |
|
| Research and development expense tax credit receivable |
|
|
546,563 |
|
|
|
644,513 |
|
| Professional fees (1) |
|
|
310,017 |
|
|
|
294,577 |
|
| Value-added tax receivable |
|
|
48,774 |
|
|
|
24,411 |
|
| Taxes |
|
|
25,634 |
|
|
|
25,634 |
|
| Other |
|
|
- |
|
|
|
49,755 |
|
| |
|
$ |
1,958,280 |
|
|
$ |
2,976,583 |
|
| (1) |
In the previously filed Annual Report on Form 10-K for the year ended December 31, 2021, the Insurance line item above included $213,974 of expenses related to Oxford agreements for our CBR Pharma subsidiary. In the current year, those same expenses are grouped into the Professional fees grouping. As such, for comparative purposes, that amount has been moved from the Insurance grouping to the Professional fees grouping for the 2021 period. |
|