4.Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
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|
|
March 31, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Interest receivable |
|
|
|
3,321 |
|
|
|
|
3,137 |
|
Prepaid clinical development costs |
|
|
|
1,324 |
|
|
|
|
2,124 |
|
Prepaid subscriptions and licenses |
|
|
|
1,224 |
|
|
|
|
1,200 |
|
Prepaid insurance |
|
|
|
753 |
|
|
|
|
1,049 |
|
Value added tax receivable |
|
|
|
30 |
|
|
|
|
919 |
|
Other prepaid and current assets¹ |
|
|
|
1,230 |
|
|
|
|
1,586 |
|
Total |
|
$ |
|
7,882 |
|
|
$ |
|
10,015 |
|
|
|
|
|
|
|
|
|
|
¹ Other current assets as of December 31, 2025 included a $0.5 million tax refund receivable from the Australian Taxation Office related to the 2025 calendar year, which was received in February 2026. |
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