| Balance Sheet Components |
5. Balance Sheet Components Intangible Assets, Net Intangible assets, net consisted of the following: | | | | | | | | | March 31, | | December 31, | (in thousands) | | 2026 | | 2025 | Finite-lived assets, net of accumulated amortization of $5,625 and $5,000 as of March 31, 2026 and December 31, 2025, respectively | | $ | 19,375 | | $ | 20,000 | Indefinite-lived assets - in-process research and development | | | 26,239 | | | 26,239 | Total Intangible assets, net | | $ | 45,614 | | $ | 46,239 |
Amortization expense related to finite-lived intangible assets was $0.6 million and $0.7 million for the three months ended March 31, 2026 and 2025, respectively. Accrued and Other Current Liabilities Accrued and other current liabilities consisted of the following: | | | | | | | | | March 31, | | December 31, | (in thousands) | | 2026 | | 2025 | Accrued commercial and research and development manufacturing | | $ | 2,425 | | $ | 7,349 | Lease liabilities, current | | | 1,899 | | | 1,828 | Accrued other | | | 10,878 | | | 11,253 | Total Accrued and other current liabilities | | $ | 15,202 | | $ | 20,430 |
Other Liabilities, Non-current Other liabilities, non-current consisted of the following: | | | | | | | | | March 31, | | December 31, | (in thousands) | | 2026 | | 2025 | Deferred tax liability | | $ | 1,102 | | $ | 1,102 | Revenue participation liability, non-current (Note 8) | | | 14,372 | | | 14,028 | Royalty fee derivative liability, non-current (Note 3) | | | 1,490 | | | 1,490 | Other | | | 2 | | | 1,815 | Total Other liabilities, non-current | | $ | 16,966 | | $ | 18,435 |
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