| Prepaid Expenses, Other Current Assets and Liabilities |
Prepaid Expenses, Other Current Assets and Liabilities Prepaid expenses consist of the following:
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As of June 30, 2024 |
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As of December 31, 2023 |
Clinical expenses |
$ |
74,866 |
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$ |
61,352 |
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Financial advisory service agreement |
568,340 |
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— |
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Other prepaid expenses |
452,833 |
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|
132,907 |
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$ |
1,096,039
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|
$ |
194,259
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Other current assets consist of the following:
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As of June 30, 2024 |
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As of December 31, 2023 |
| AusIndustry incentive |
$ |
548,646 |
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$ |
540,604 |
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| Vendor deposits |
2,158,702 |
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|
403,439 |
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Excise tax bonds |
— |
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|
125,784 |
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| Other tax receivables |
20 |
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|
32,458 |
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| Other current assets |
— |
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|
17,644 |
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$ |
2,707,368
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$ |
1,119,929
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Other current liabilities consist of the following:
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As of June 30, 2024 |
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As of December 31, 2023 |
| Research and development costs |
$ |
750,049 |
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$ |
467,784 |
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| Legal fees |
233,282 |
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|
258,213 |
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EHT Acquisition related liabilities |
— |
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|
180,897 |
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Travel and entertainment expenses |
25,479 |
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— |
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| Consulting Fees |
23,756 |
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— |
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| Professional and consulting fees |
141,100 |
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|
69,468 |
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| Other accrued liabilities |
11,129 |
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|
22,190 |
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$ |
1,184,795
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$ |
998,552
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