v3.25.4
Other Assets
12 Months Ended
Dec. 31, 2025
Other Assets [Abstract]  
Other Assets

13. Other assets

 

 

Year ended December 31,

 

 

2025

 

2024

 

 

$000s

 

$000s

 

Prepayments

 

8,930

 

 

13,124

 

VAT receivable

 

2,607

 

 

1,540

 

Total other current assets

 

11,537

 

 

14,664

 

 

 

 

 

 

Deposits for properties

 

-

 

 

356

 

Prepayments

 

127

 

 

3,234

 

Other long-term assets

 

127

 

 

3,590

 

 

At December 31, 2025 and 2024, the largest component of prepayments are prepaid third party costs for clinical trials, as well as manufacturing for clinical supplies and associated development, and pre-clinical studies which fluctuate based on timing of payments and related expense.

 

Included within prepayments at December 31, 2025 and 2024 is $6.8 million and $11.0 million respectively, are expenditures relating to contracted research and development costs.