v3.25.2
Prepaids and Other Assets
6 Months Ended
Jun. 30, 2025
Prepaids and Other Assets  
Prepaids and Other Assets
5.
Prepaids and Other Assets

Prepaid expenses and other current assets consisted of the following (in thousands):

 

JUNE 30,
2025

 

 

DECEMBER 31,
2024

 

Prepaid expenses

 

$

5,603

 

 

$

2,621

 

Interest receivable

 

 

4,136

 

 

 

4,697

 

Other current assets

 

 

963

 

 

 

1,742

 

Total

 

$

10,702

 

 

$

9,060

 

As of June 30, 2025 and December 31, 2024, the Company had restricted cash of $0.3 million held as a letter of credit for the benefit of a clinical research organization. The related letter of credit was classified within other non-current assets on the condensed consolidated balance sheet as of June 30, 2025 and December 31, 2024.

As of June 30, 2025, the Company also had $8.3 million in long-term prepayments, made in conjunction with the Company's research and development activities, classified within other non-current assets.