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Accrued Other Expenses
9 Months Ended
Sep. 30, 2022
Accrued Liabilities, Current [Abstract]  
Accrued Other Expenses

Note 5. Accrued Other Expenses

 

Accrued other expenses consisted of the following:

 

 

 

As of

 

(in thousands)

 

September 30, 2022

 

 

December 31, 2021

 

Insurance premium finance liability

 

$

397

 

 

$

 

Accrued consulting fees

 

 

143

 

 

 

97

 

Accrued legal and accounting fees

 

 

147

 

 

 

7

 

Accrued computer related expenses

 

 

16

 

 

 

27

 

Accrued taxes

 

 

31

 

 

 

168

 

Accrued recruiting fees

 

 

 

 

 

30

 

Accrued travel and other expenses

 

 

95

 

 

 

23

 

Total

 

$

829

 

 

$

352

 

 

The Company entered into a premium finance agreement in March 2022 in connection with the renewal of its annual directors and officers insurance. The total amount financed was $1.2 million and is paid over nine months beginning in April 2022. The total finance charge for the premium finance agreement is $15,000 which is recorded to interest expense monthly on a straight-line basis.