| Balance Sheet Components |
5. Balance Sheet Components Intangible Assets, Net Intangible assets, net consisted of the following: | | | | | | | | | June 30, | | December 31, | (in thousands) | | 2026 | | 2025 | Finite-lived assets, net of accumulated amortization of $6,250 and $5,000 as of June 30, 2026 and December 31, 2025, respectively | | $ | 18,750 | | $ | 20,000 | Indefinite-lived assets - in-process research and development | | | 26,239 | | | 26,239 | Total Intangible assets, net | | $ | 44,989 | | $ | 46,239 |
Amortization expense related to finite-lived intangible assets was $0.6 million for each of the three-month periods ended June 30, 2026 and 2025, and $1.3 million for each of the six-month periods ended June 30, 2026 and 2025. Accrued and Other Current Liabilities Accrued and other current liabilities consisted of the following: | | | | | | | | | June 30, | | December 31, | (in thousands) | | 2026 | | 2025 | Accrued commercial and research and development manufacturing | | $ | 1,638 | | $ | 7,349 | Lease liabilities, current | | | 1,947 | | | 1,828 | Accrued other | | | 11,266 | | | 11,253 | Total Accrued and other current liabilities | | $ | 14,851 | | $ | 20,430 |
Other Liabilities, Non-current Other liabilities, non-current consisted of the following: | | | | | | | | | June 30, | | December 31, | (in thousands) | | 2026 | | 2025 | Deferred tax liability | | $ | 1,102 | | $ | 1,102 | Revenue participation liability, non-current (Note 8) | | | 14,524 | | | 14,028 | Royalty fee derivative liability (Note 3) | | | 1,490 | | | 1,490 | Lease liabilities, non-current | | | 459 | | | 1,457 | Other | | | 13 | | | 1,815 | Total Other liabilities, non-current | | $ | 17,588 | | $ | 19,892 |
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