v3.26.1
Condensed Consolidated Balance Sheet Components
 6 Months Ended
Jun. 30, 2026
Condensed Consolidated Balance Sheet Components [Abstract]  
CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS

NOTE 4. CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS

 

Prepaid expenses and other current assets

 

The following table summarizes the details of prepaid expenses and other current assets as of the dates set forth below (in thousands): 

 

    June 30,     December 31,  
    2026     2025  
Research and development prepaid expenses   $ 2,836     $ 4,320  
Prepaid insurance     519       866  
Prepaid travel expenses     230       103  
Other prepaid expenses and current assets     255       664  
Total   $ 3,840     $ 5,953  

 

Property and equipment, net

 

The following table summarizes the details of property and equipment, net as of the dates set forth below (in thousands): 

 

    June 30,     December 31,  
    2026     2025  
Leasehold improvements   $ 2,711     $ 2,711  
Lab equipment     871       1,513  
Office furniture & fixtures     522       522  
Computer equipment     170       170  
Property and equipment, gross     4,274       4,916  
Less: accumulated depreciation and amortization     (4,214 )     (4,814 )
Property and equipment, net   $ 60     $ 102  

 

Depreciation and amortization expense was $21,000 and $0.3 million for the three months ended June 30, 2026 and 2025, and $42,000 and $0.5 million for the six months ended June 30, 2026 and 2025, respectively.

 

Accrued expenses and other current liabilities

 

The following table summarizes the details of accrued expenses and other current liabilities as of the dates set forth below (in thousands):

 

    June 30,     December 31,  
    2026     2025  
Research and development accrued expenses   $ 2,585     $ 3,775  
Accrued employee and related compensation expenses     1,452       1,589  
Accrued legal and professional expenses     715       261  
Other     45       120  
Total   $ 4,797     $ 5,745