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Accrued Expenses | 6 Months Ended
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Jun. 30, 2024
Payables and Accruals [Abstract] |
Accrued Expenses | 5. ACCRUED EXPENSES At June 30, 2024 and December 31, 2023, accrued expenses consisted of the following (in thousands):
|  | June 30, 2024 |  |  | December 31, 2023 |
Accrued compensation |  | $ | 2,757 |  |  | $ | 4,139 |
Accrued clinical and manufacturing costs |  |  | 2,374 |  |  |  | 1,884 |
Professional services |  |  | 1,449 |  |  |  | 2,022 |
Directors' Deferred Share Unit Liability |  |  | 966 |  |  |  | 387 |
Other accruals |  |  | 685 |  |  |  | 361 |
Contribution payable |  |  | - |  |  |  | 2,841 |
Total accrued expenses |  | $ | 8,231 |  |  | $ | 11,634 |
In June 2024, the Company made a lump sum payment of $0.3 million in full satisfaction of its remaining obligations of the contribution payable liability. As a result, both parties were subsequently released from any further commitments from the agreement. The difference between the fair value of the lump sum payment of $0.3 million, and the carrying value of the contribution payable prior to the settlement of $2.8 million, resulted in a gain on extinguishment of $2.5 million recognized by the Company in the unaudited condensed consolidated statements of operations and comprehensive loss during the three and six months ended June 30, 2024.

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- Definition The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as current at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 720 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483384/720-30-45-1 + Details
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