Accrued Liabilities and Other Current Liabilities

6 Months Ended

Jun. 30, 2024

Payables and Accruals [Abstract]

Accrued Liabilities and Other Current Liabilities

2. Accrued Liabilities and Other Current Liabilities

As of December 31, 2023, the Company had a balance of $2.6 million included in Accrued liabilities and other current liabilities in the audited balance sheet, consisting of $392,000 for construction expenses, $105,000 for manufacturing expenses, $1.1 million for legal fees, $262,000 for clinical expenses, $365,000 for bonus payable, $160,000 for salary expenses, $119,000 for the current portion of long-term debt, $28,500 for a lease liability and $68,500 for other liabilities.

As of June 30, 2024, the Company had a balance of $6.3 million included in Accrued liabilities and other current liabilities in the accompanying condensed interim balance sheet, consisting of $4.8 million for legal fees, $422,000 for construction in progress, $500,000 for manufacturing expenses, $139,000 for clinical expenses, $57,000 for bonus payable, $124,000 for the current portion of long-term debt and $152,000 for salary and benefits.