Balance Sheet Components

3 Months Ended

Mar. 31, 2026

Prepaid expenses and other current assets consist of the following (amounts in thousands):


	March 31, 2026		December 31, 2025
Research and development costs	$	7,147	$	10,354
Interest receivable	3,279		3,360
Value added tax receivable	1,834		2,131
Insurance related expenses	363		773
Income tax receivable	911		933
Other	2,125		1,827
	$	15,659	$	19,378

Accrued expenses and other current liabilities consist of the following (amounts in thousands):


	March 31, 2026		December 31, 2025
Research and development costs	$	16,680	$	17,694
Personnel related expenses	3,088		14,467
Professional fees	4,343		1,422
Interest payable	821		840
Operating lease	743		713
Other	241		217
	$	25,916	$	35,353

Property and equipment, net consisted of the following (amounts in thousands):


	March 31, 2026		December 31, 2025
Computer equipment	$	1,139	$	1,139
Office furniture	724		724
Office equipment	43		43
Property and equipment, at cost	1,906		$	1,906
Less: Accumulated depreciation	(1,184)		(1,099)
Property and equipment, net	$	722	$	807