v3.25.1
Supplemental Balance Sheet Information (Tables)
3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Property, Plant and Equipment

Property and equipment, net consists of the following:

 

March 31,

 

 

December 31,

 

 

2025

 

 

2024

 

 

(in thousands)

 

Laboratory equipment

 

$

8,936

 

 

$

8,936

 

Computer equipment

 

 

2,437

 

 

 

2,437

 

Computer software

 

 

125

 

 

 

125

 

Furniture and fixtures

 

 

1,945

 

 

 

1,945

 

Leasehold improvements

 

 

2,870

 

 

 

2,870

 

Construction in progress

 

 

211

 

 

 

152

 

 

 

16,524

 

 

 

16,465

 

Less: Accumulated depreciation

 

 

(8,985

)

 

 

(8,363

)

Property and equipment, net

 

$

7,539

 

 

$

8,102

 

 

Schedule of Accrued Expenses and Other Current Liabilities Current

Accrued expenses and other current liabilities include the following:

 

March 31,

 

 

December 31,

 

 

2025

 

 

2024

 

 

(in thousands)

 

Payroll and employee-related costs

 

$

3,180

 

 

$

8,951

 

Research and development costs

 

 

5,216

 

 

 

5,811

 

Other

 

 

1,978

 

 

 

1,735

 

Total accrued expenses and other current liabilities

 

$

10,374

 

 

$

16,497

 

Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash The reconciliation of cash and cash equivalents and restricted cash to amounts presented in the condensed consolidated statements of cash flows are as follows:

 

 

March 31,
2025

 

 

March 31,
2024

 

 

 

(in thousands)

 

Cash and cash equivalents

 

$

58,432

 

 

$

61,163

 

Restricted cash

 

 

2,567

 

 

 

2,567

 

Cash, cash equivalents and restricted cash

 

$

60,999

 

 

$

63,730