Company: TVRD
Filing Date: 2025-10-07
Form Type: S-1/A
Source: 0001104659-25-097519
Chunk: 349

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-10-07
Form: S-1/A
Chunk 349
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 current assets 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, | ​ 
 ​ |
|:------------------------------------------------|:--|:-----|---------------:|:--|:-----|-------------------:|:--|
| Prepaid research and development expenses       | ​ | $    |          1,356 | ​ | $    |                 18 | ​ |
| Prepaid insurance                               | ​ | ​    |            530 | ​ | ​    |                  — | ​ |
| Other prepaid expenses                          | ​ |      |            250 | ​ |      |                 54 | ​ |
| Total prepaid expenses and other current assets | ​ | $    |          2,136 | ​ | $    |                 72 | ​ |

F-41

6.Intangible Assets

Intangible assets 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, | ​ 
 ​ |
|:-------------------------------|:--|:-----|---------------:|:--|:-----|-------------------:|:--|
| Licensed patent rights         | ​ | $    |            826 | ​ | $    |                826 | ​ |
| Less: accumulated amortization | ​ |      |           -472 | ​ |      |               -441 | ​ |
| Total intangible assets, net   | ​ | $    |            354 | ​ | $    |                385 | ​ |

As of June 30, 2025, the expected remaining amortization expense is as follows (in thousands):

| ​                           
 Year Ended December 31,     
 2025 (remaining six months) | ​ 
 ​ | ​      
 Amount |   ​ 
  32 |
|:----------------------------|:--|:-------|----:|
| 2026                        |   | ​      |  63 |
| 2027                        |   | ​      |  63