Barinthus(BRNS) - 2023 Q1 - Quarterly Report

We determined that we have no further performance obligations under the terms of the OUI License Agreement Amendment, which comprised the transfer of intellectual property rights only. Accordingly, we plan to recognize these and any future amounts as revenue when earned, and it is probable that a significant reversal of revenue will not occur. Operating Expenses Our operating expenses since inception have consisted of research and development costs and general and administrative costs. Research and Developm ...