Balance sheet components

6 Months Ended

Jun. 30, 2026

Balance sheet components

Property and equipment

The components of property and equipment as of June 30, 2026 and December 31, 2025 were as follows (in thousands):


	June 30, 2026			December 31, 2025
Leasehold improvements	$	6,264		$	6,264
Lab equipment		6,258			6,209
Computer equipment		1,075			1,075
Furniture and office equipment		770			751
Vehicles and equipment		280			280
Total, at cost		14,647			14,579
Accumulated depreciation		(13,313	)		(12,712	)
Total, net	$	1,334		$	1,867

Depreciation expense was $0.3 million and $0.6 million for the three and six months ended June 30, 2026 and $0.3 million and $0.5 million for the three and six months ended June 30, 2025. Finance leases are also included in property and equipment as vehicles and lab equipment on the Condensed Consolidated Balance Sheets.

Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):


	June 30,		December 31,
	2026		2025
Accrued R&D expenses	$	3,269	$	1,204
Accrued clinical expenses		3,661		1,609
Accrued compensation		4,737		7,464
Other accrued expenses		7,029		3,249
Total	$	18,696	$	13,526