Company: TVRD
Filing Date: 2025-05-30
Form Type: S-1
Source: 0001104659-25-054853
Chunk: 343

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-05-30
Form: S-1
Chunk 343
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 patent rights         | ​ | $    |             826 | ​ | $    |                826 |
| Less: accumulated amortization | ​ |      |            -457 | ​ |      |               -441 |
| Total intangible assets, net   | ​ | $    |             369 | ​ | $    |                385 |

As of March 31, 2025, the expected remaining amortization expense is as follows (in thousands):

| ​                            
 Year Ended December 31,      
 2025 (remaining nine months) | ​ 
 ​ | ​      
 Amount |   ​ 
  47 |
|:-----------------------------|:--|:-------|----:|
| 2026                         | ​ |        |  63 |
| 2027                         | ​ |        |  63 |
| 2028                         | ​ |        |  63 |
| 2029                         | ​ |        |  63 |
| Thereafter                   | ​ |        |  70 |
| Total                        | ​ | $      | 369 |

The Company recognized less than $ million for amortization expense for each of the three months ended March 31, 2025 and 2024. Amortization expense is included in research and development expense in the condensed statements of operations and comprehensive loss.

F-38

6.Accrued Expenses

Accrued expenses consisted of the following as of March 31, 2025 and December 31, 2024 (in thousands):

| ​                                          
 ​                                          | ​ 
 ​ 
 ​ | ​    
 2025 |               ​ 
 As of March 31, | ​ 
 ​ | ​    
 2024 |                  ​ 
 As of December 31, |
|:-------------------------------------------|:--|:-----|----------------:|:--|:-----|-------------------:|
| Accrued research and development expenses  | ​ | $    |           4,037 | ​ | $    |              5,172 |
| Accrued employee compensation and benefits | ​ |      |             551 | ​ |      |              1,142 |
| Accrued professional fees                  | ​ |      |             607 | ​ |      |              1,756 |
| Other accrued expenses                     | ​ |      |              11 | ​ |      |                  8 |
| Total accrued expenses                     | ​ | $    |           5,206 | ​