Balance Sheet Components (Tables)

Prepaid and other current assets consisted of the following (in thousands):


	June 30, 2026		December 31, 2025
Prepaid general and administrative	$	1,347	$	1,170
Prepaid research and development	61		441
Tax-related receivable	26		848
Prepaid contract research organization expenses	163		431
Other current assets	76		148
Total prepaid and other current assets	$	1,673	$	3,038

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


	June 30, 2026		December 31, 2025
Land	$	20,400	$	—
Building	91,515		—
Office furniture and computer equipment	501		509
Total property, plant and equipment, gross	112,416		509
Less: accumulated depreciation	(638)		(383)
Total property, plant and equipment, net	$	111,778	$	126

Accrued expenses and other current liabilities consisted of the following (in thousands):


	June 30, 2026		December 31, 2025
Accrued compensation and benefits	$	1,275	$	2,517
Accrued operational expenses	320		43
Accrued restructuring costs	155		155
Accrued research, development and clinical trial expenses	367		977
Operating lease liabilities, current	393		372
Total accrued expenses and other current liabilities	$	2,510	$	4,064