v3.26.1
Accrued Expenses (Tables)
6 Months Ended
Jun. 30, 2026
Accrued Liabilities, Current [Abstract]  
Summary of Accrued Expenses

Accrued expenses consist of the following:

 

 

 

June 30,

 

 

December 31,

 

(In thousands)

 

2026

 

 

2025

 

Employee and board compensation

 

$

1,712

 

 

$

757

 

Payroll tax liability

 

 

12,155

 

 

 

26

 

Contract research services

 

 

177

 

 

 

286

 

Contract manufacturing services

 

 

186

 

 

 

290

 

Professional services

 

 

653

 

 

 

252

 

Total

 

$

14,883

 

 

$

1,611

 

 

Payroll tax liability as of June 30, 2026 was primarily related to restricted stock units granted to certain executives in the second quarter of 2026.