v3.25.2
Composition of Certain Condensed Consolidated Financial Statement Line Items
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Certain Condensed Consolidated Financial Statement Line Items Composition of Certain Condensed Consolidated Financial Statement Line Items
Property and Equipment, Net
Property and equipment consisted of the following:
(in thousands)June 30,
2025		December 31,
2024
Laboratory equipment$6,497 $6,469 
Leasehold improvements118 118 
Computer hardware512 484 
Furniture, fixtures and office equipment324 324 
Prototype equipment2,179 2,029 
Construction in progress1,541 1,186 
11,171 10,610 
Less: Accumulated depreciation(7,443)(6,534)
Total$3,728 $4,076 
The Company recorded depreciation expense of $0.4 million and $0.9 million for the three and six months ended June 30, 2025, and $0.5 million and $1.0 million for the three and six months ended June 30, 2024, respectively, which was primarily allocated to research and development expense.
Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consisted of the following:
(in thousands)June 30,
2025		December 31,
2024
Employee compensation$2,211 $1,343 
Accrued professional and consulting fees364 219 
Accrued research and development251 468 
Other112 518 
Total$2,938 $2,548 
Cash, Cash Equivalents and Restricted Cash
Cash, cash equivalents and restricted cash consisted of the following:
(in thousands)June 30,
2025		December 31,
2024
Cash and cash equivalents$34,457 $27,646 
Restricted cash included in other long-term assets (Note 8)1,002 1,002 
Total$35,459 $28,648 
Other long-term assets consisted of $1.0 million of restricted cash and $0.2 million of deposits as of June 30, 2025 and December 31, 2024.