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Other current liabilities
6 Months Ended
Jun. 30, 2023
Text block1 [abstract]  
Other current liabilities

Note 13. Other current liabilities

 

 

 

As of December 31,

 

 

As of June 30,

 

 

2022

 

2023

 

 

$ in thousands

 

VAT Payables

 

 

3,058

 

 

 

-

 

Accruals for personnel related expenses

 

 

9,421

 

 

 

7,126

 

Other

 

 

700

 

 

967

 

Total

 

 

13,179

 

 

8,093

 

 

Accruals for personnel related expenses are related to annual bonuses, paid time-off (PTO) accruals and social expenses on stock options.

Other current liabilities decreased by $5.1 million between December 31, 2022 and June 30 2023 related to the payment of 2022 annual bonuses and the decrease of VAT payables due to the collected VAT on a Servier milestone invoice accrued in December 2022 and paid in 2023.