Quarterly report [Sections 13 or 15(d)]

Accounts Payable and Accrued Expenses

v3.26.1
Accounts Payable and Accrued Expenses
3 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses

Note 4. Accounts Payable and Accrued Expenses

 

Accounts payable and accrued expenses totaled $1.3 million as of March 31, 2026, compared to $1.6 million as of December 31, 2025. The decrease was primarily attributable to the timing of vendor invoicing and payments and higher accrued research and development expenses related to ongoing ONP-002 program activities during the quarter.

 

These liabilities consist primarily of account payables to research and development vendors, payroll and benefits accruals, professional service fees, and other general corporate obligations.