Other Balance Sheet Components

3 Months Ended

Mar. 31, 2025

Prepaid Expense and Other Assets, Current [Abstract]

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):


	March 31, 2025		December 31, 2024
R&D expenses	$	945	$	979
Insurance expense	394		591
Software and subscriptions expense	427		337
Variable lease expense	118		118
Federal R&D tax credit receivable	106		108
Other	362		211
Total prepaid expenses and other current assets	$	2,352	$	2,344

Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):


	March 31, 2025		December 31, 2024
Leasehold improvements	$	4,518	$	4,518
Laboratory equipment	4,296		4,078
Computer and software	938		969
Furniture and fixtures	524		524
Total property and equipment	10,276		10,089
Less: accumulated depreciation and amortization	(6,673)		(6,231)
Total property and equipment, net	$	3,603	$	3,858

The Company incurred depreciation and amortization expense of $0.4 million for each of the three months ended March 31, 2025 and 2024, which included nominal finance lease right-of-use (“ROU”) asset amortization (see Note 4).

Accrued Expenses

Accrued expenses consisted of the following (in thousands):


	March 31, 2025		December 31, 2024
Employee compensation and benefits	$	781	$	3,111
Professional fees	617		661
External R&D expenses	84		524
Other	356		537
Total accrued expenses	$	1,838	$	4,833