Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Prepaid Expenses and Other Assets

Note 6 - Prepaid Expenses and Other Assets
3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Other Assets Disclosure [Text Block]


Prepaid Expenses and Other Assets


Prepaid expenses and other assets consisted of the following (in thousands):



March 31, 2023


December 31, 2022


Prepaid expenses

  $ 870     $ 209  

Advances to vendors

    92       42  

Total prepaid expenses and other assets

  $ 962     $ 251  


We periodically advance funds to vendors engaged to support the performance of our clinical trials and related supporting activities. The funds advanced are held, interest free, for varying periods of time and may be recovered by DiaMedica through partial reductions of ongoing invoices, application against final study/project invoices or refunded upon completion of services to be provided. Deposits are classified as current or non-current based upon their expected recovery time.