v3.26.1
Note 4 - Accrued Liabilities
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
Note 4. Accrued Liabilities

 

Accrued liabilities consisted of the following (in thousands):

 

  

March 31, 2026

  

December 31, 2025

 

Accrued compensation-related costs

 $2,701  $1,979 

Accrued research and development services

  1,190   877 

Accrued professional services

  324   357 

Accrued severance

  584    

Accrued other

  609   363 

Total accrued liabilities

 $5,408  $3,576 

 

In March 2026, the Company announced a strategic and organizational realignment to prioritize and accelerate the development of its nsPFA electrophysiology catheters and other cardiac devices for the treatment of atrial fibrillation (the “2026 Realignment”). In connection with the 2026 Realignment, the Company recognized severance and one-time termination expenses of $0.6 million with less than $0.1 million in payments remitted during the three months ended March 31, 2026.