v3.25.1
Prepaid expenses and other current assets
 12 Months Ended
Dec. 31, 2024
Prepaid Expenses And Other Current Assets  
Prepaid expenses and other current assets

6. Prepaid expenses and other current assets

 

Prepaid expenses are analyzed as follows:

 

               
(Amounts in thousands)   December 31,
2024		     December 31,
2023		  
Prepaid insurance expenses   $ 123     $ 155  
Prepaid research expenses     255       36  
Prepaid rent expenses     -       -  
Other prepaid expenses     19       27  
Total   $ 397     $ 218  

 

Prepaid insurance expenses as of December 31, 2024 and 2023 mainly include prepayments to insurers for directors’ and officers’ insurance services for liabilities that may arise in their capacity as directors and officers of a public entity.

 

Prepaid research expenses as of December 31, 2024 and 2023 mainly relate to prepayments for expenses under the grant agreements and Cooperative Research and Development Agreement as discussed in Note 18.

 

Other prepaid expenses as of December 31, 2024 and 2023 mainly include prepayments for professional fees and purchases, which also include costs to fulfill a contract with customers which are expected to be recognized within 2024, upon delivery of services to these customers.

 

Other current assets are analyzed as follows:

 

               
(Amounts in thousands)   December 31,
2024		     December 31,
2023		  
VAT receivable   $ 49     $ 267  
Grant receivable     36       181  
Purchases under receipt     -       1  
Other receivables     237       91  
Accrued sublease income     -       80  
Total   $ 322     $ 620  

 

Grant receivable as of December 31, 2024 and 2023 relate to accrued income from grants as disclosed in Note 2.