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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2022

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

NOTE 8: ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities consist of the following as of December 31, 2022 and 2021, respectively:


		December 31,			December 31,
		2022			2021
Accounts payable		$	1,612,000		$	5,144,000
Compensation and benefits			1,779,000			2,055,000
Process development expenses			342,000			385,000
Professional fees			558,000			644,000
Technology license fees			—			250,000
Arbitration settlement fees			114,000			2,407,000
Other			300,000			250,000
Total accounts payable and accrued liabilities		$	4,705,000		$	11,135,000

In August 2022, the Company implemented changes to the Company’s organizational structure as part of an operational cost reduction plan to conserve the Company’s available capital. In connection with these changes, the Company reduced headcount in its general and administrative function by approximately 23.5%, including the separation of the Company’s Chief Financial Officer. For the year ended December 31, 2022, the Company recorded $0.3 million of accrued compensation and benefits for severance expenses related to the operational cost reduction plan.