Company: TVRD
Filing Date: 2025-10-07
Form Type: S-1/A
Source: 0001104659-25-097519
Chunk: 350

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-10-07
Form: S-1/A
Chunk 350
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| 2028                        |   | ​      |  63 |
| 2029                        |   | ​      |  63 |
| Thereafter                  |   | ​      |  70 |
| Total                       | ​ | $      | 354 |

The Company recognized less than$ 0.1million for amortization expense for each of the three and six months ended June 30, 2025 and 2024. Amortization expense is included in research and development expense in the condensed consolidated statements of operations and comprehensive income (loss).

7.Accrued Expenses

Accrued expenses consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):

| ​                                          
 ​                                          | ​ 
 ​ | ​    
 2025 |              ​ 
 As of June 30, | ​ | ​    
 ​    
 2024 |                  ​ 
 As of December 31, | ​ 
 ​ |
|:-------------------------------------------|:--|:-----|---------------:|:--|:-----|-------------------:|:--|
| Accrued research and development expenses  | ​ | $    |          6,058 | ​ | $    |              5,172 | ​ |
| Accrued employee compensation and benefits | ​ |      |            740 | ​ |      |              1,142 | ​ |
| Accrued professional fees                  | ​ |      |            898 | ​ |      |              1,756 | ​ |
| Other accrued expenses                     | ​ |      |            448 | ​ |      |                  8 | ​ |
| Total accrued expenses                     | ​ | $    |          8,144 | ​ | $    |              8,078 | ​ |

8.Leases

The Company hasoneoperating lease pertaining to5,969square feet of corporate office space in Sugar Land, Texas pursuant to a lease agreement that commenced April 1, 2022. As of June 30, 2025 the remaining term of lease wasyears. The lease requires monthly lease payments that are subject to annual increases throughout the lease term.

The components of lease costs, which are included within general and administrative expenses in the Company’s condensed consolidated statements of operations and comprehensive income (loss) were as follows (in thousands):

| ​                    
 ​                    
 ​                    
 Lease costs:         | ​ | ​                                   
 For the Three Months Ended June 30