| Balance Sheet Components |
Note 6. Balance Sheet Components Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): | | | | | | | | | March 31, | | December 31, | | | 2026 | | 2025 | Accrued interest receivable | | $ | 3,459 | | $ | 4,365 | Prepaid clinical and research related expenses | | | 2,298 | | | 3,345 | Prepaid insurance | | | 1,094 | | | 1,061 | Prepaid licenses | | | 597 | | | 415 | Other | | | 4,558 | | | 903 | Prepaid expenses and other current assets | | $ | 12,006 | | $ | 10,089 |
Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): | | | | | | | | | March 31, | | December 31, | | | 2026 | | 2025 | Laboratory equipment | | $ | 8,031 | | $ | 7,748 | Furniture and computer equipment | | | 1,533 | | | 1,491 | Leasehold improvements | | | 2,936 | | | 2,936 | Total property and equipment | | | 12,500 | | | 12,175 | Accumulated depreciation | | | (8,722) | | | (8,315) | Property and equipment, net | | $ | 3,778 | | $ | 3,860 |
Accrued Expenses and Other Payables Accrued expenses and other payables consisted of the following (in thousands): | | | | | | | | | March 31, | | December 31, | | | 2026 | | 2025 | Accrued clinical and research related expenses | | $ | 11,802 | | $ | 14,798 | Accrued employee related expenses | | | 4,234 | | | 12,764 | Accrued professional service fees | | | 953 | | | 522 | Other | | | 502 | | | 185 | Total accrued expenses and other payables | | $ | 17,491 | | $ | 28,269 |
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