Balance Sheet Components

6 Months Ended

Jun. 30, 2026

Balance Sheet Related Disclosures [Abstract]

5. Balance Sheet Components

Property and Equipment, Net

Property and equipment, net, consists of the following (in thousands):


	June 30,			December 31,
	2026			2025
Laboratory equipment	$	2,169		$	3,064
Furniture and fixtures		1,132			1,132
Leasehold improvements		936			936
Computer equipment and software		85			164
Construction in progress		293			—
Property and equipment, gross		4,615			5,296
Less accumulated depreciation		(3,289	)		(3,750	)
Property and equipment, net	$	1,326		$	1,546

Depreciation and amortization expense related to property and equipment was $0.3 million for each of the three months ended June 30, 2026 and 2025, and $0.5 million for each of the six months ended June 30, 2026 and 2025. The Company recognized $0.6 million in impairment charges related to capitalized software as research and development expenses in the condensed statement of operations and comprehensive loss for the six months ended June 30, 2025. No such loss was recognized for any other periods presented.

Other Accrued Expenses and Current Liabilities

Other accrued expenses and current liabilities consist of the following (in thousands):


	June 30,		December 31,
	2026		2025
Accrued research and development expenses - Contract Research Organizations	$	3,432	$	6,393
Accrued research and development expenses - Contract Manufacturing Organizations		1,682		4,908
Other accrued expenses		3,998		2,171
Total other accrued expenses and current liabilities	$	9,112	$	13,472