Company: IXHL
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110299
Chunk: 14

Company: Incannex Healthcare Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 inputs or significant value drivers are unobservable.

11

Note 3 – Prepaid expenses and other current assets

    September 30,  2025 $  
    June 30, 2025 $ 

    (in thousands) 
  
    Prepayments1 
     257  
     297 
  
    GST recoverable 
     229  
     494 
  
    Total prepaid expenses and other current assets 
     486  
     791 

  1 Prepayments consist of prepaid clinical trial insurances, prepaid R&D expenditure relating to PSX-001 and IHL-675A clinical trials and scientific, marketing, and adverting subscription services. 

Note 4 – R&D tax incentive receivable

    September 30,  2025 $  
    June 30, 2025 $ 

    (in thousands) 
  
    R&D tax incentive receivable 
     4,529  
     4,132 

R&D tax incentive is recorded within the unaudited condensed consolidated
statements of operations and comprehensive loss and amounted to $389,000 and $811,000 for the three months ended September 30, 2025 and
2024, respectively.

 Note 5 – Property, Plant and Equipment, net

    September 30,  2025 $  
    June 30, 2025 $ 

    (in thousands) 
  
    Furniture, fittings and equipment 
     503  
     495 
  
    Assets under construction 
     -  
     - 
  
    Total property, plant and equipment, gross 
     503  
     495 
  
    Accumulated depreciation and amortization 
     (335) 
     (269)
  
    Total property, plant and equipment, net 
    $168  
    $227 

Depreciation expense is recorded within general
and administrative in the unaudited condensed consolidated statements of operations and comprehensive loss and amounted to $66,000 and
$66,184 for the three months ended September 30, 2025 and 2024, respectively.

12

Note 6 – Trade and other payables, accrued expenses and other
current liabilities

    September 30,  2025 $  
    June 30, 2025 $ 

    (in thousands) 
  
    Current liabilities 

    Trade payables