v3.26.1
Balance Sheet Components (Tables)
6 Months Ended
Jun. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets as of June 30, 2026 and December 31, 2025 consist of the following (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

Prepaid manufacturing and research expenses

 

$

3,214

 

 

$

1,908

 

Prepaid insurance

 

 

40

 

 

 

262

 

Prepaid professional fees

 

 

185

 

 

 

223

 

GST receivable

 

 

813

 

 

 

817

 

Other

 

 

391

 

 

 

422

 

Total prepaid expenses and other current assets

 

$

4,643

 

 

$

3,632

 

Schedule of Property and Equipment, Net

Property and equipment, net as of June 30, 2026 and December 31, 2025 consist of the following (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

 Equipment

 

$

223

 

 

$

223

 

 Furniture and fixtures

 

 

18

 

 

 

18

 

Property and equipment, at cost

 

 

241

 

 

 

241

 

 Less accumulated depreciation

 

 

(151

)

 

 

(112

)

Total property and equipment, net

 

$

90

 

 

$

129

 

 

Schedule of Other Assets

Other assets as of June 30, 2026 and December 31, 2025 consist of the following (in thousands):

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Clinical trial deposits

 

$

2,404

 

 

$

2,036

 

Other

 

 

146

 

 

 

25

 

Total other assets

 

$

2,550

 

 

$

2,061

 

Components of Accrued Liabilities

Accrued liabilities as of June 30, 2026 and December 31, 2025 consist of the following (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

 Accrued legal and professional fees

 

$

408

 

 

$

163

 

 Accrued compensation

 

 

1,412

 

 

 

2,250

 

 Accrued manufacturing and research expenses

 

 

2,999

 

 

 

7,374

 

 Accrued issuance costs

 

 

40

 

 

 

40

 

 Deferred R&D credit

 

 

1,337

 

 

 

927

 

 Accrued other expenses

 

 

83

 

 

 

8

 

Total accrued liabilities

 

$

6,279

 

 

$

10,762