v3.26.1
Balance Sheet Components
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components Balance Sheet Components
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following (in thousands):
June 30,
2026		  December 31,
2025
Prepaid insurance$1,476$191
Other prepaid expenses
2,1101,043
Total prepaid expenses and other current assets
$3,586$1,234
Property and Equipment, Net
Property and equipment, net are as follows (in thousands):
June 30,
2026		December 31,
2025
Laboratory equipment
$2,667$2,125
Office equipment and furniture
453453
Computer software and equipment
574574
Leasehold improvements246246
Less: accumulated depreciation
(1,889)(1,526)
Property and equipment, net
$2,051$1,872
During the three and six months ended June 30, 2026, the Company recorded depreciation expense of $0.2 million and $0.4 million, respectively. During the three and six months ended June 30, 2025, the Company recorded depreciation expense of $0.1 million and $0.3 million, respectively.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following (in thousands):
June 30,
2026		December 31,
2025
Accrued payroll, vacation and employee-related expenses
$2,940$4,870
Accrued research
3,5142,124
Accrued interest, short term
107118
Other accruals and current liabilities
941599
Lease liability, short term
1,3611,151
Total accrued expenses and other current liabilities
$8,863$8,862