v3.25.2
Other Balance Sheet Details (Tables)
6 Months Ended
Jun. 30, 2025
Balance Sheet Related Disclosures [Abstract]  
Property and Equipment

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

 

 

June 30,

 

 

December 31,

 

 

2025

 

 

2024

 

Computer equipment

 

$

103

 

 

$

103

 

Furniture and equipment

 

 

121

 

 

 

121

 

Leasehold improvements

 

 

6,364

 

 

 

6,364

 

Lab equipment

 

 

 

 

 

1,390

 

Total property and equipment, at cost

 

 

6,588

 

 

 

7,978

 

Less: accumulated depreciation

 

 

(2,562

)

 

 

(2,756

)

Property and equipment, net

 

$

4,026

 

 

$

5,222

 

Accrued Expenses

Accrued expenses consisted of the following (in thousands):

 

 

June 30,

 

 

December 31,

 

 

2025

 

 

2024

 

Accrued external research and development costs

 

$

965

 

 

$

2,142

 

Accrued payroll and payroll-related costs

 

 

579

 

 

 

207

 

Accrued professional costs

 

 

722

 

 

 

455

 

Accrued contract termination costs

 

 

 

 

 

1,686

 

Accrued employee termination benefits

 

 

 

 

 

5,034

 

Other

 

 

138

 

 

 

124

 

Total accrued expenses

 

$

2,404

 

 

$

9,648

 

Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash recorded within the accompanying condensed consolidated balance sheets that sum to the amounts shown in the condensed consolidated statements of cash flows (in thousands):

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Cash and cash equivalents

 

$

58,677

 

 

$

154,467

 

Restricted cash

 

 

1,631

 

 

 

1,631

 

Total cash, cash equivalents and restricted cash

 

$

60,308

 

 

$

156,098