12. Trade and other payables
|
|
|
Dec 31, 2017 |
|
Dec 31, 2016 |
|
|
Amounts due within one year |
|
US $ |
|
US $ |
|
|
Trade payables (1) |
|
6,464,038 |
|
734,405 |
|
|
Accrued expenses — Contract research organization |
|
1,293,379 |
|
10,854,531 |
|
|
Accrued expenses — Other |
|
3,007,893 |
|
727,947 |
|
|
Amounts due to affiliates |
|
— |
|
78 |
|
|
Other payable |
|
124,244 |
|
2,156 |
|
|
|
|
|
|
|
|
|
|
|
10,889,554 |
|
12,319,117 |
|
|
|
|
|
|
|
|
|
(1) |
Trade payables include $5,704,052 owed to the Group’s contract research organization. |
The Directors estimate that the carrying value of trade and other payables approximated their fair value. The amounts due to the Group’s contract research organization are due in 2018.