v3.25.2
Other Financial Information
 6 Months Ended
Jun. 30, 2025
Other Financial Information [Abstract]  
Other Financial Information Other Financial Information
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following (in thousands):
                                                                     
 June 30, 2025December 31, 2024
Diagnostic testing supplies$3,744 $5,725 
Prepaid maintenance and insurance contracts1,707 829 
Loan commitment fees1,132 — 
Other prepaid expenses and other current assets98 30 
Prepaid expenses and other current assets$6,681 $6,584 
Property and Equipment, net
Property and equipment, net consist of the following (in thousands):
 
 June 30, 2025December 31, 2024
Furniture and fixtures$121 $105 
Laboratory equipment5,366 4,248 
Computer equipment and software2,112 2,113 
Leasehold improvements3,336 3,286 
Construction in progress10 1,543 
Total property and equipment10,945 11,295 
Less: accumulated depreciation and amortization(6,363)(6,012)
Property and equipment, net$4,582 $5,283 
Depreciation and amortization expense for the three months ended June 30, 2025 and 2024 was approximately $0.5 million and $0.4 million, respectively. For the six months ended June 30, 2025 and 2024, depreciation and amortization expense was approximately $0.9 million and $0.9 million, respectively. At June 30, 2025 and December 31, 2024, the gross book value of assets under finance leases was $0.7 million and $2.0 million, respectively.
Accrued and Other Current Liabilities
Accrued and other current liabilities consist of the following (in thousands):
 
 June 30, 2025December 31, 2024
Accrued payroll and related expenses$3,455 $5,046 
Other accrued liabilities1,487 2,071 
Accrued and other current liabilities$4,942 $7,117