4. Accrued Expenses Accrued expenses consisted of the following: | | | | | | | | | June 30, | | December 31, | (In thousands) | | 2026 | | 2025 | Employee compensation expenses | | $ | 2,877 | | $ | 5,298 | Research and development expenses | | | 1,437 | | | 1,612 | Licensing expenses | | | 1,372 | | | 1,377 | Other expenses | | | 273 | | | 504 | Total accrued expenses | | $ | 5,959 | | $ | 8,791 |
|