v3.26.1
Balance Sheet Components (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets
Prepaid and other current assets consisted of the following (in thousands):
December 31,
20252024
Prepaid general and administrative$1,170 $1,316 
Prepaid research and development441 4,146 
Tax-related receivable848 2,622 
Prepaid contract research organization expenses431 282 
Other current assets148 959 
Total prepaid and other current assets$3,038 $9,325 
Schedule of Property, Plant and Equipment, Net The estimated useful lives of the Company’s property, plant and equipment are as follows:
Computer equipment
3 years
Office furniture
7 years
Building
35 years
Property, plant and equipment, net consisted of the following (in thousands):
December 31,
20252024
Land$— $31,243 
Building— 102,433 
Office furniture and computer equipment509 509 
Total property, plant and equipment, gross509 134,185 
Less: accumulated depreciation(383)(4,779)
Total property, plant and equipment, net$126 $129,406 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in thousands):
December 31,
 20252024
Accrued compensation and benefits$2,517 $2,691 
Accrued operational expenses43 582 
Accrued restructuring costs155 2,073 
Accrued research, development and clinical trial expenses977 209 
Operating lease liabilities, current372 1,682 
Total accrued expenses and other current liabilities$4,064 $7,237