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ACCRUED EXPENSES
 12 Months Ended
Dec. 31, 2020
Payables and Accruals [Abstract]  
ACCRUED EXPENSES ACCRUED EXPENSES
The following table sets forth the composition of accrued expenses as of December 31, 2020 and 2019 (in thousands):
 December 31,
20202019
Research and development$1,372 $3,688 
Payroll-related expenses1,892 1,638 
Severance to former Executives and other employees— 378 
Professional fees684 378 
Other25 87 
Total Accrued Expenses
$3,973 $6,169 
Management Changes
On August 26, 2019, the Company announced that Richard Fitzgerald departed as its Chief Financial Officer, effective immediately. In connection with his separation from the Company, Mr. Fitzgerald and the Company entered into a Separation Agreement and General Release dated as of September 9, 2019 (the “Fitzgerald Separation Agreement”), pursuant to which the Company provided Mr. Fitzgerald with twelve months of separation payments and benefits. The Company recorded $0.3 million of expense, which were paid through the normal payroll cycle through August 2020, when the Company completed its obligations related to the Fitzgerald Separation Agreement.
On August 2, 2019, Dennis Kim, M.D., MPH departed as the Company's Chief Medical Officer, effective immediately. In connection with his separation from the Company, Dr. Kim and the Company entered into a Separation Agreement and General Release dated as of August 2, 2019 (the “Kim Separation Agreement”), pursuant to which the Company provided Dr. Kim with six months of separation payments in the amount of $0.2 million. In addition, Dr. Kim and the Company entered into a Consulting Agreement dated as of August 3, 2019 (the "Kim Consulting Agreement"), pursuant to which the Company agreed to pay Dr. Kim $0.1 million in consulting fees and transition expenses over the following three months ending November 2, 2019. The Company recorded $0.3 million of expenses related to these agreements. The Kim Consulting Agreement payments were made in a lump sum when the agreement concluded in November 2019. The separation payments were paid through the normal payroll cycle through January 2020, when the Company completed its obligations related to the Kim Separation Agreement.
There was no remaining accrued severance as of December 31, 2020.