Prepaid Expense and Other Current Assets

3 Months Ended

Mar. 31, 2023

Prepaid Expense And Other Current Assets

Prepaid Expense and Other Current Assets

7. Prepaid Expense and Other Current Assets

Schedule of Prepaid Expense and Other Current Assets at March 31, 2023 and December 31, 2022:

	March 31, 2023		December 31, 2022
Prepaid Research and Development Expense		2,256,983		2,471,809
Prepaid Insurance		212,730		372,989
Prepaid Financing costs		75,000		-
Total		2,544,713		2,844,798

As of March 31, 2023 and December 31, 2022, the Company had $2,544,713 and $2,844,798 in prepaid expenses, respectively. The balance at March 31, 2023 reflects approximately $2.3 million of prepaid expense to third-party vendors for research and development to be completed, $0.08 million of prepaid financing costs related to the Company’s At-The-Market Program and approximately $0.2 million in prepaid insurance.