v3.25.2
Supplemental Financial Information
 6 Months Ended
Jun. 30, 2025
Balance Sheet Related Disclosures [Abstract]  
Supplemental Financial Information Supplemental Financial Information
Property and Equipment.

 Estimated Useful LivesAs of June 30,As of December 31,
 In Years20252024
 (in thousands)
Computers and software
3-5
$2,003 $2,003 
Furniture and fixtures
5-7
389 389 
Leasehold improvements
3-7
2,178 2,178 
Total property and equipment 4,570 4,570 
Less: Accumulated depreciation and amortization (2,438)(2,086)
Net property and equipment $2,132 $2,484 
Accrued Liabilities.
As of June 30,As of December 31,
20252024
(in thousands)
Accrued research and development services$4,257 $12,251 
Accrued compensation and benefits4,292 14,712 
Short-term lease liability909 1,175 
Other2,023 2,309 
Total accrued liabilities$11,481 $30,447 

As of June 30, 2025 and December 31, 2024, $0.6 million and $8.8 million of accrued severance is included in accrued compensation and benefits within accrued liabilities on the condensed consolidated balance sheet as noted in the table above.
Net Income (Loss) Per Share. Net income (loss) per common share is computed using the weighted average number of shares of common stock outstanding. Shares associated with warrants, stock options and restricted stock units that could potentially dilute earnings per share in the future are not included in the computation of diluted earnings per share when the company has a net loss because they are antidilutive. For the three months ended June 30, 2025, approximately 0.3 million share-based awards were included in the calculation of diluted earnings per share. For the three month period ended June 30, 2024 and six month periods ended June 30, 2025 and June 30, 2024, no share-based awards were included in the computation of diluted earnings per share of common stock because the effect would have been anti-dilutive due to the net loss in these periods.