v3.26.1
Prepaid Expenses, Other Current Assets, and Accrued Expenses
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Prepaid Expenses, Other Current Assets, and Accrued Expenses Prepaid Expenses, Other Current Assets, and Accrued Expenses
Prepaid expenses and other current assets consist of the following:
(in thousands)As of June 30, 2026As of December 31, 2025
Prepaid research and development
$1,578 $5,609 
Tax credit receivable
1,213 1,255 
Prepaid insurance550 31 
Deferred IPO costs
— 3,387 
Interest receivable on cash equivalents376 43 
Other1,135 307 
$4,852 $10,632 
Accrued expenses consists of the following:
(in thousands)As of June 30, 2026As of December 31, 2025
Professional fees
$2,736 $4,338 
Research and development
1,423 702 
Bonus
1,151 1,939 
Other
85 — 
$5,395 $6,979