Company: TVRD
Filing Date: 2025-05-30
Form Type: S-1
Source: 0001104659-25-054853
Chunk: 399

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-05-30
Form: S-1
Chunk 399
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 following:

| ​                                       | ​ 
 ​ | ​ |                 ​ 
 December 31, 2024 | ​ | ​ |                 ​ 
 December 31, 2023 |
|:----------------------------------------|:--|:--|------------------:|:--|:--|------------------:|
| Raw materials                           | ​ | $ |             2,124 | ​ | $ |             2,639 |
| Work-in-process                         | ​ |   |               291 | ​ |   |               708 |
| ​                                       | ​ | ​ |             2,415 | ​ | ​ |             3,347 |
| Less Inventory Reserve for Obsolescence | ​ |   |            -1,515 | ​ |   |              -526 |
| Total                                   | ​ | $ |               900 | ​ | $ |             2,821 |

As of December 31, 2024 and 2023, inventory balances include inventory costs subsequent to regulatory approval of KORSUVA injection on August 23, 2021. During the year ended December 31, 2024, the Company wrote down $ of commercial supply inventory due to obsolescence.

6 . Prepaid Expenses As of December 31, 2024, the amount of prepaid expenses was $ 529, consisting of $ 13of prepaid R&D clinical costs, $ 149of prepaid insurance and $ 367of other costs. As of December 31, 2023, the amount of prepaid expenses was $ 8,154, consisting of $ 7,245of prepaid R&D clinical costs, $ 492of prepaid insurance and $ 417of other costs.

F-74

CARA THERAPEUTICS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (amounts in thousands, except share and per share data)

7.Property and Equipment, net

Property and equipment, net consists of the following:

| ​                                              
 ​                                              
 ​                                              | ​ 
 ​ | ​            
 December 31, 
 2024         | ​ | ​ | ​    
 2023 |      ​ |
|:-----------------------------------------------|:--|:-------------|:--|:--|:-----|-------:|
| Computer and office equipment                  | ​ | $            | — | ​ | $    |    239 |
| Furniture and fixtures                         | ​ |              | — | ​ |      |    596 |
| Leasehold improvements