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Prepaid Expenses, Deposits and Other Current and Non-Current Assets

9 Months Ended

Sep. 30, 2021

Prepaid Expenses Deposits And Other Current And Non-current Assets

Prepaid Expenses, Deposits and Other Current and Non-Current Assets

Note 6 — Prepaid Expenses, Deposits and Other Current and Non-Current Assets

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following as of:

	September 30, 2021		December 31, 2020
Advanced payments to service providers and suppliers	$	1,246,057	$	311,041
Deposits		232,384		183,832
EsoCheck cell collection supplies		753,328		778,811
EsoGuard mailer supplies		51,395		54,940
Total prepaid expenses, deposits and other current assets	$	2,283,164	$	1,328,624

Non-Current Assets

The Company entered into an agreement with a clinical research organization (“CRO”) in connection with EsoGuard clinical trials (the “EsoGuard CRO Agreement”). The term of the EsoGuard CRO Agreement is from the September 2019 effective date to the conclusion of the respective clinical trials, but not to exceed 60 months from the effective date of the EsoGuard CRO Agreement. The CRO agreement may be cancelled with sixty days written notice, without an early termination fee. The Company incurred an on-account deposit of $755,000 as of September 30, 2021 and December 31, 2020, of which $643,000 had been paid as of December 31, 2020, with the remaining $112,000 paid in March 2021, with such deposit classified as a non-current asset in the line item captioned “Other assets” on the accompanying unaudited condensed balance sheet as of September 30, 2021 and December 31, 2020.