Balance Sheet Components |
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Sheet Components | Balance Sheet Components Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following as of December 31, 2025 and 2024 (in thousands):
Property and Equipment, Net Property and equipment, net consisted of the following as of December 31, 2025 and 2024 (in thousands):
Depreciation expense was $0.9 million, $1.0 million, and $1.1 million for the year ended December 31, 2025, 2024, and 2023, respectively. In December 2025, the Company disposed certain property and equipment that no longer utilized under current or expected future operations (see Note 16). During the year ended December 31, 2025, the Company committed to a plan to sell majority of its laboratory equipment originally intended for use. The Company determined that this equipment met the requirements to be classified as held for sale. The Company recognized a loss of $0.9 million on remeasurement of assets held for sale within restructuring and impairment charges on the Company’s Consolidated Statement of Operations for the year ended December 31, 2025 (see Note 16). As of December 31, 2025, the laboratory equipment sales were expected to be completed within one year. The assets held for sale of $0.5 million, which is the estimated fair market value based on observable market conditions for selling used equipment, net of estimated costs to sell, have been classified as current assets in the Company’s Consolidated Balance Sheet. Other Assets As of December 31, 2025, other assets were classified as other current assets. Other assets consisted of the following (in thousands):
Accrued Liabilities Accrued liabilities consisted of the following as of December 31, 2025 and 2024 (in thousands):
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