v3.25.2
Balance Sheet Components
6 Months Ended
Jun. 30, 2025
Balance Sheet Components  
Balance Sheet Components

7. Balance Sheet Components

Property and Equipment, Net

Property and equipment, net consists of the following:

    

June 30, 

    

December 31, 

(in thousands)

2025

2024

Equipment

$

2,231

$

2,084

Office furniture

 

443

 

444

Leasehold improvements

 

159

 

159

Property and equipment, gross

 

2,833

 

2,687

Less accumulated depreciation and amortization

 

(1,467)

 

(1,303)

Total Property and equipment, net

$

1,366

$

1,384

Depreciation and amortization expense was $81,000 and $74,000 for the three months ended June 30, 2025 and 2024, respectively. Depreciation and amortization expense was $164,000 and $148,000 for the six months ended June 30, 2025 and 2024, respectively.

Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consist of the following:

    

June 30, 

    

December 31, 

(in thousands)

2025

2024

Clinical trial accruals

 

$

3,796

 

$

2,893

Accrued compensation

1,975

2,612

Other accrued expenses

 

879

 

579

Total Accrued expenses and other liabilities

$

6,650

$

6,084