5.Balance sheet components Property and equipment, net Property and equipment, net, consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
|
|
2025 |
|
|
2024 |
|
|
|
(in thousands) |
|
Laboratory equipment |
|
$ |
15,949 |
|
|
$ |
15,378 |
|
Leasehold improvements |
|
|
5,505 |
|
|
|
5,452 |
|
Office furniture |
|
|
1,587 |
|
|
|
1,568 |
|
Software |
|
|
745 |
|
|
|
745 |
|
Computer equipment |
|
|
429 |
|
|
|
363 |
|
Fixed assets in-progress |
|
|
40 |
|
|
|
29 |
|
Total property and equipment, gross |
|
|
24,255 |
|
|
|
23,535 |
|
Accumulated depreciation |
|
|
(19,211 |
) |
|
|
(16,867 |
) |
Total property and equipment, net |
|
$ |
5,044 |
|
|
$ |
6,668 |
|
Depreciation expense was $2.4 million and $3.3 million for the years ended December 31, 2025 and 2024, respectively. Accrued expenses and other current liabilities Accrued expenses and other current liabilities consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
|
|
2025 |
|
|
2024 |
|
|
|
(in thousands) |
|
Accrued compensation expenses |
|
$ |
10,853 |
|
|
$ |
8,083 |
|
Accrued research and development expenses |
|
|
4,305 |
|
|
|
2,934 |
|
Accrued professional expenses |
|
|
660 |
|
|
|
2,467 |
|
Other accrued expenses and current liabilities |
|
|
149 |
|
|
|
618 |
|
Total accrued expenses and other current liabilities |
|
$ |
15,967 |
|
|
$ |
14,102 |
|
|