v3.26.1
Balance Sheet Components
 3 Months Ended
Mar. 31, 2026
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 (in thousands):
March 31,
2026		December 31,
2025
Unbilled receivable from Everest, current (Note 8)$— $1,741 
Deposits for operating lease674 674 
Insurance226 463 
Interest receivable206 184 
Licenses, dues and subscriptions38 72 
Others190 200 
Total prepaid expenses and other current assets$1,334 $3,334 
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
March 31,
2026		December 31,
2025
Leasehold improvements$— $3,268 
Computer equipment— 184 
Total property and equipment— 3,452 
Less: accumulated depreciation and amortization— (3,286)
Property and equipment, net$— $166 
Depreciation expense was $47 thousand for the three months ended March 31, 2026, compared to $0.3 million for the three months ended March 31, 2025.
As a result of restructuring, the Company disposed of all property and equipment during the three months ended March 31, 2026.
Accrued and Other Current Liabilities
Accrued liabilities consisted of the following (in thousands):
March 31,
2026		December 31,
2025
Accrued preclinical and research costs$25 $1,686 
Accrued severance related costs179 1,556 
Accrued clinical costs4 93 
Accrued employee-related costs— 66 
Accrued professional services850 42 
Others77 298 
Total accrued liabilities$1,135 $3,741