Clearmind Medicine (Clearmind Medicine) Accounts Payable & Accrued Expense : $0.47 Mil (As of Apr. 2024)

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What is Clearmind Medicine Accounts Payable & Accrued Expense?

Clearmind Medicine's quarterly accounts payable & accrued expense increased from Oct. 2023 ($0.48 Mil) to Jan. 2024 ($0.76 Mil) but then declined from Jan. 2024 ($0.76 Mil) to Apr. 2024 ($0.47 Mil).

Clearmind Medicine's annual accounts payable & accrued expense increased from Oct. 2021 ($0.29 Mil) to Oct. 2022 ($1.18 Mil) but then declined from Oct. 2022 ($1.18 Mil) to Oct. 2023 ($0.48 Mil).

Clearmind Medicine Accounts Payable & Accrued Expense Historical Data

The historical data trend for Clearmind Medicine'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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Clearmind Medicine Accounts Payable & Accrued Expense Chart

Clearmind Medicine Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Accounts Payable & Accrued Expense

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0.03

0.01

0.29

1.18

0.48

Clearmind Medicine Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.63	0.26	0.48	0.76	0.47

Clearmind Medicine 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.

Clearmind Medicine (Clearmind Medicine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Clearmind Medicine Inc (NAS:CMND) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

CWY0:Germany CWY0:Germany CMND:Canada

Address

101-1220 West 6th Avenue, Vancouver, BC, CAN, V6H 1A5

Website

https://www.clearmindmedicine.com

Clearmind Medicine Inc is a psychedelic pharmaceutical biotech company focused on the discovery and development of novel psychedelic-derived therapeutics to solve widespread and underserved health problems, including alcohol use disorder. Its primary objective is to research and develop psychedelic-based compounds and attempt to commercialize them as regulated medicines, foods, or supplements. The company's intellectual portfolio currently consists of four patent families. The company intends to seek additional patents for its compounds whenever warranted and will remain opportunistic regarding the acquisition of additional intellectual property to build its portfolio.