v3.25.2
Other Current Assets
 6 Months Ended
Jun. 30, 2025
Other Current Assets [Abstract]  
Other Current Assets
Note 4: Other Current Assets
Other current assets consisted of the following:
June 30, 2025December 31, 2024
Research tax credit2,378 3,980 
Other tax claims10,428 4,452 
Prepaid expenses2,343 1,541 
Other receivables2,885 1,959 
Total18,034 11,932 
Research tax credit
The variance in Research Tax Credit is presented as follows:
Amount in thousands of US dollars
Opening research tax credit receivable as of January 1, 20253,980 
+ Operating revenue 2,217 
- Payment received (4,186)
- Adjustement and currency translation effect367 
Closing research tax credit receivable as of June 30, 20252,378 
Of which - Non-current portion— 
Of which - Current portion2,378 
The estimated research tax credit for the first six months of the 2025 fiscal year amounts to $2.2 million.
The other tax claims are primarily related to the VAT as well as the reimbursement of VAT that has been requested. Prepaid expenses are comprised primarily of insurance expenses, as well as legal and scientific consulting fees.