Balance Sheet Components

6 Months Ended

Jun. 30, 2026

Balance Sheet Related Disclosures [Abstract]

5. Balance Sheet Components

Prepaid Expenses and Other Current Assets

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


	As of June 30,		As of December 31,
	2026		2025
Prepaid expenses	$	865	$	1,621
Accrued interest		104		240
Other receivables		20		18
Total	$	989	$	1,879

Property and Equipment, net

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


	As of June 30,			As of December 31,
	2026			2025
Laboratory equipment	$	11,773		$	11,768
Leasehold improvements		4,942			4,939
Computer equipment and software		906			903
Furniture and office equipment		325			325
Total		17,946			17,935
Less: Accumulated depreciation and amortization		(12,191	)		(10,927	)
Property and equipment, net	$	5,755		$	7,008

Depreciation expense was $0.6 million and $1.3 million for the three and six months ended June 30, 2026, and $0.7 million and $1.5 million for the three and six months ended June 30, 2025, respectively.

Accrued Expenses and Other Current Liabilities

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


	As of June 30,		As of December 31,
	2026		2025
Accrued compensation	$	2,890	$	4,365
Accrued expenses		2,414		1,974
Government grant liability		1,792		—
Accrued taxes		87		—
Other current liabilities		—		66
Total	$	7,183	$	6,405