v3.26.1
BALANCE SHEET COMPONENTS
6 Months Ended
Jun. 30, 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 June 30, 2026 and December 31, 2025:
(in thousands)JUNE 30, 2026DECEMBER 31, 2025
Research and development$129 $3,372 
Insurance104 409 
Other prepaids669 219 
Other current assets3,502 2,517 
$4,404 $6,517 
Other current assets consists of approximately $1.0 million of accounts receivable related to clinical development costs expected to be returned to the Company in the third 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, and approximately $0.3 million of interest income and other current assets.
Accrued Expenses —
Accrued expenses consisted of the following as of June 30, 2026 and December 31, 2025:
(in thousands)JUNE 30, 2026DECEMBER 31, 2025
Compensation and related expenses$1,057 $2,334 
Professional fees343 1,039 
Research and development35 394 
Other accrued expenses30 24 
$1,465 $3,791