Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable

v3.22.1
Accounts Payable
3 Months Ended
Mar. 31, 2022
Payables and Accruals [Abstract]  
Accounts Payable

Note 4 – Accounts Payable

 

Accounts payable consisted of the following (in thousands):

 

    March 31,
2022
   

December 31,
2021

 
    (Unaudited)        
Accounts payable to a third-party manufacturer   $ 7,423     $ 6,335  
Other accounts payable     690       1,885  
Total accounts payable   $ 8,113     $ 8,220  

 

The Company relies on a third-party contract manufacturing operation to produce and/or test our compounds used in our potential product candidates. As of March 31, 2022 the Company was indebted $7.4 million of accounts payable to this vendor.