| Balance Sheet Components |
Note 6. Balance Sheet Components Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): | | | | | | | | | June 30, | | December 31, | | | 2025 | | 2024 | Accrued interest receivable | | $ | 4,516 | | $ | 3,242 | Prepaid clinical and research related expenses | | | 1,805 | | | 1,830 | Prepaid licenses | | | 819 | | | 600 | Prepaid insurance | | | 582 | | | 1,159 | Other prepaid expenses | | | 884 | | | 649 | Other receivable | | | 92 | | | 248 | Prepaid expenses and other current assets | | $ | 8,698 | | $ | 7,728 |
Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): | | | | | | | | | June 30, | | December 31, | | | 2025 | | 2024 | Laboratory equipment | | $ | 7,309 | | $ | 6,354 | Furniture and computer equipment | | | 1,455 | | | 1,447 | Leasehold improvements | | | 2,922 | | | 2,424 | Total property and equipment | | | 11,686 | | | 10,225 | Accumulated depreciation | | | (7,578) | | | (7,035) | Property and equipment, net | | $ | 4,108 | | $ | 3,190 |
Accrued Expenses and Other Payables Accrued expenses and other payables consisted of the following (in thousands): | | | | | | | | | June 30, | | December 31, | | | 2025 | | 2024 | Accrued clinical and research related expenses | | $ | 9,556 | | $ | 11,923 | Accrued employee related expenses | | | 5,006 | | | 11,078 | Accrued professional service fees | | | 676 | | | 618 | Other | | | 159 | | | 74 | Total accrued expenses and other payables | | $ | 15,397 | | $ | 23,693 |
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