v3.25.2
Balance Sheet Components (Tables)
6 Months Ended
Jun. 30, 2025
Balance Sheet Related Disclosures [Abstract]  
Summary of Prepaid Expenses and Other Current Assets

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

 

As of June 30,

 

 

As of December 31,

 

 

2025

 

 

2024

 

Prepaid expenses

 

$

3,106

 

 

$

3,114

 

Prepaid clinical trial costs

 

 

1,598

 

 

 

1,164

 

Interest receivable

 

 

1,221

 

 

 

953

 

Other receivable

 

 

1,194

 

 

 

174

 

Prepaid bonus

 

 

271

 

 

 

260

 

Prepaid taxes

 

 

39

 

 

 

39

 

Other current assets

 

 

 

 

 

26

 

Prepaid expenses and other current assets

 

$

7,429

 

 

$

5,730

 

Summary of Property and Equipment, Net

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

 

As of June 30,

 

 

As of December 31,

 

 

2025

 

 

2024

 

Lab equipment

 

$

6,064

 

 

$

5,679

 

Furniture, fixtures, and office equipment

 

 

1,222

 

 

 

1,222

 

Leasehold improvements

 

 

717

 

 

 

717

 

Computer equipment

 

 

401

 

 

 

401

 

Total property and equipment

 

 

8,404

 

 

 

8,019

 

Less: Accumulated depreciation and amortization

 

 

(3,716

)

 

 

(2,929

)

Property and equipment, net

 

$

4,688

 

 

$

5,090

 

Summary of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following (in thousands):

 

As of June 30,

 

 

As of December 31,

 

 

2025

 

 

2024

 

Accrued research and development expense

 

$

3,251

 

 

$

2,888

 

Accrued employee compensation expense

 

 

1,845

 

 

 

4,129

 

Accrued general and administrative expense

 

 

1,129

 

 

 

703

 

Employee stock purchase plan liability

 

 

249

 

 

 

 

Other current liabilities

 

 

83

 

 

 

78

 

Accrued expenses and other current liabilities

 

$

6,557

 

 

$

7,798