Bright Minds Biosciences (Bright Minds Biosciences) Accounts Payable & Accrued Expense : $0.60 Mil (As of Mar. 2024)

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What is Bright Minds Biosciences Accounts Payable & Accrued Expense?

Bright Minds Biosciences's quarterly accounts payable & accrued expense increased from Sep. 2023 ($0.15 Mil) to Dec. 2023 ($0.60 Mil) and increased from Dec. 2023 ($0.60 Mil) to Mar. 2024 ($0.60 Mil).

Bright Minds Biosciences's annual accounts payable & accrued expense increased from Sep. 2021 ($0.50 Mil) to Sep. 2022 ($1.05 Mil) but then declined from Sep. 2022 ($1.05 Mil) to Sep. 2023 ($0.15 Mil).

Bright Minds Biosciences Accounts Payable & Accrued Expense Historical Data

The historical data trend for Bright Minds 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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Bright Minds Biosciences Accounts Payable & Accrued Expense Chart

Bright Minds Biosciences Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Accounts Payable & Accrued Expense

0.11

0.50

1.05

0.15

Bright Minds Biosciences Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial													0.68	0.48	0.15	0.60	0.60

Bright Minds 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.

Bright Minds Biosciences (Bright Minds Biosciences) Business Description

Industry

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

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Traded in Other Exchanges

DRUG:Canada

Address

19 Vestry Street, New York, NY, USA, 10013

Website

https://www.brightmindsbio.com

Bright Minds Biosciences Inc is focused on developing novel transformative treatments for neuropsychiatric disorders, epilepsy, and pain. The company has a portfolio of next-generation serotonin agonists designed to target neurocircuit abnormalities that are responsible for difficult to treat disorders such as resistant epilepsy, treatment resistant depression, PTSD, and pain. The company's drugs have been designed to potentially retain the powerful therapeutic aspects of psychedelic and other serotonergic compounds, while minimizing the side effects, thereby creating superior drugs to first-generation compounds, such as psilocybin.