Balance Sheet Components

6 Months Ended

Jun. 30, 2026

Note 3. Balance Sheet Components

Property and Equipment

Property and equipment consisted of the following (in thousands):


	June 30,			December 31,
	2026			2025
Lab equipment	$	1,425		$	1,023
Computer equipment and software		71			72
Furniture and fixtures		165			167
Leasehold improvements		161			161
Construction-in-progress		—			22
Property and equipment, gross	$	1,822		$	1,445
Accumulated depreciation		(613	)		(482	)
Property and equipment, net	$	1,209		$	963

Depreciation expense was $0.1 million for the six months ended June 30, 2026 and 2025.

Accrued Expenses and Other Current Liabilities

Accrued expenses consisted of the following (in thousands):


	June 30,		December 31,
	2026		2025
Research and development expenses	$	4,564	$	3,603
Payroll and related costs		3,535		4,352
Other		388		525
Total accrued expenses and other current liabilities	$	8,487	$	8,480