Quarterly report [Sections 13 or 15(d)]

Accounts Payable and Accrued Expenses (Tables)

v3.26.1
Accounts Payable and Accrued Expenses (Tables)
3 Months Ended
Mar. 31, 2026
Accounts Payable and Accrued Expenses  
Schedule of Accounts Payable and Accrued Expenses

March 31, 

December 31, 

($ in thousands)

2026

  ​ ​ ​

2025

Accounts payable

$

3,341

$

3,510

Accrued research and development

273

250

Accrued compensation

160

24

Other(1)

1,541

1,627

Total accounts payable and accrued expenses

$

5,315

$

5,411

(1) Includes approximately $1.3 million of accrued consideration, including approximately $50,000 of accrued interest, related to the repurchase of assets from uBriGene (Boston) Biosciences, Inc. (“uBriGene”) in 2024. The asset repurchase consisted of purchase consideration of an upfront payment of $0.1 million, and a deferred amount of approximately $1.3 million due twelve months after closing; however, the Company can elect to delay its payment obligation for the deferred amount for additional 6 month periods, upon written notice to uBriGene, if the Company’s net assets are below $20 million. Additionally, beginning in June 2025, the deferred amount began accruing interest at a rate of 5% per annum. In December 2025, the Company’s net assets were below $20 million, and it elected to delay the payment.