v3.24.3
Accrued Expenses and Other Current Liabilities
9 Months Ended
Sep. 30, 2024
Payables and Accruals [Abstract]  
Accrued Expenses and Other Current Liabilities

4. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of (in thousands):

 

 

 

September 30, 2024

 

 

December 31, 2023

 

Accrued compensation

 

$

2,840

 

 

$

4,046

 

Accrued contracted research and development costs

 

 

4,081

 

 

 

2,166

 

Accrued general and administrative costs

 

 

1,102

 

 

 

738

 

Lease liability

 

 

156

 

 

 

143

 

Total accrued expenses and other current liabilities

 

$

8,179

 

 

$

7,093

 

 

Accrued Compensation

As of September 30, 2024, Accrued compensation includes amounts to be paid to employees for salary, bonuses, vacation and non-equity performance-based compensation. At the end of any period, the amounts accrued for such compensation may vary due to many factors including, but not limited to, timing of payments to employees and vacation usage.

Accrued Contracted Research and Development Costs

As of September 30, 2024, Accrued contracted research and development costs are primarily comprised of costs associated with molgramostim for the treatment of aPAP, including expenses resulting from obligations under agreements with CROs, CMOs, and other outside service providers that provide services in connection with the Company's research and development activities.