Balance Sheet Components

3 Months Ended

Mar. 31, 2026

Note 4. Balance Sheet Components

Property and Equipment, Net

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


	March 31,			December 31,
	2026			2025
Laboratory equipment	$	—		$	102
Computer equipment		146			146
Furniture and fixtures		416			432
Leasehold improvements		106			482
Total property and equipment, gross		668			1,162
Less: accumulated depreciation		(601	)		(1,009	)
Total property and equipment, net	$	67		$	153

Depreciation expense for the three months ended March 31, 2026 and 2025 was $0.0 million and $0.5 million, respectively.

Accrued Expenses and Other Current Liabilities

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


	March 31,		December 31,
	2026		2025
Accrued research and development materials and services	$	2,159	$	3,163
Accrued personnel expenses		954		2,958
Accrued professional services		170		117
Other		159		169
Total accrued expenses and other current liabilities	$	3,442	$	6,407