Artelo Biosciences (Artelo Biosciences) Accounts Payable & Accrued Expense : $0.69 Mil (As of Mar. 2024)

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What is Artelo Biosciences Accounts Payable & Accrued Expense?

Artelo Biosciences's quarterly accounts payable & accrued expense increased from Sep. 2023 ($0.89 Mil) to Dec. 2023 ($1.27 Mil) but then declined from Dec. 2023 ($1.27 Mil) to Mar. 2024 ($0.69 Mil).

Artelo Biosciences's annual accounts payable & accrued expense increased from Aug. 2021 ($0.50 Mil) to Dec. 2022 ($0.96 Mil) and increased from Dec. 2022 ($0.96 Mil) to Dec. 2023 ($1.27 Mil).

Artelo Biosciences Accounts Payable & Accrued Expense Historical Data

The historical data trend for Artelo Biosciences's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Artelo Biosciences Accounts Payable & Accrued Expense Chart

Artelo Biosciences Annual Data

Trend

Aug14

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Aug20

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Dec23

Accounts Payable & Accrued Expense

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0.99

0.50

0.96

1.27

Artelo Biosciences Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.79	0.57	0.89	1.27	0.69

Artelo Biosciences Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Artelo Biosciences (Artelo Biosciences) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Artelo Biosciences Inc (NAS:ARTLW) » Definitions » Accounts Payable & Accrued Expense

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ARTL:USA

Address

505 Lomas Santa Fe, Suite 160, Solana Beach, CA, USA, 92075

Website

https://www.artelobio.com

Artelo Biosciences Inc is a United States-based development-stage biopharmaceutical company. It is engaged in development of therapeutics that target lipid signaling pathways, including the endocannabinoid system, a family of receptors and neurotransmitters that form a biochemical communication network in body. It is focused on discovering, licensing, developing and commercializing treatments that control endocannabinoid system. The company pursues technologies and programs that offer proprietary approaches to cannabinoid-based therapies, also those derived from the cannabis plant and synthetic cannabinoids, as well as new chemical entities and compounds. The firm's flagship program is designed to be a patent-protected cannabinoid drug combination treatment for a rare and orphan disease.