v3.26.1
BALANCE SHEET COMPONENTS
3 Months Ended
Mar. 31, 2026
Balance Sheet Related Disclosures [Abstract]  
BALANCE SHEET COMPONENTS BALANCE SHEET COMPONENTS

Prepaid expenses and other current assets —
Prepaid expenses and other current assets consisted of the following as of March 31, 2026 and December 31, 2025:
(in thousands)MARCH 31, 2026DECEMBER 31, 2025
Research and development$595 $3,372 
Insurance231 409 
Other prepaids135 219 
Other current assets5,734 2,517 
$6,695 $6,517 
Other current assets consists of approximately $3.4 million of accounts receivable related to clinical development costs expected to be returned to the Company in the second quarter of 2026, approximately $2.2 million related to a contingent payment receivable tied to a Phase 1 clinical study milestone in connection with the JV Sale, approximately $0.1 million of interest income and other current assets.
Accrued Expenses —
Accrued expenses consisted of the following as of March 31, 2026 and December 31, 2025:
(in thousands)MARCH 31, 2026DECEMBER 31, 2025
Compensation and related expenses$1,407 $2,334 
Professional fees1,396 1,039 
Research and development94 394 
Other accrued expenses204 24 
$3,101 $3,791