Note 7 - Accrued Expenses

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

7. Accrued Expenses

Accrued expenses consist of the following:

	December 31,
	2025		2024
	(000's)
Project expenses	$	8,217	$	2,873
Compensation and benefits		2,682		2,793
Other		484		621
Total accrued expenses	$	11,383	$	6,287

Project expenses in 2025 were primarily made up of $7.9 million of accrued manufacturing expenses related to tovecimig and CTX-10726. Project expenses in 2024 were primarily made up of $2.6 million of accrued manufacturing expenses related to minimum contractual obligations.