| Balance Sheet Details |
2.
Balance Sheet Details
Prepaid
expenses and other current assets consist of the following (in thousands):
Schedule of prepaid expenses other current assets
| | |
June 30,
2026 | | |
December 31,
2025 | |
| Prepaid research and development | |
$ | 501 | | |
$ | 663 | |
| Prepaid insurance | |
| 111 | | |
| 28 | |
| Other prepaid expenses and current assets | |
| 102 | | |
| 204 | |
| Total | |
$ | 714 | | |
$ | 895 | |
Property
and equipment consist of the following (in thousands):
Schedule of property and equipment
| | |
Useful
life
(years) | | |
June 30,
2026 | | |
December 31,
2025 | |
| Furniture, fixtures and office equipment | |
3 - 7 | | |
$ | 1,101 | | |
$ | 1,101 | |
| Laboratory equipment | |
5 | | |
| 1,829 | | |
| 1,829 | |
| Leasehold improvements | |
2 - 3 | | |
| 2,498 | | |
| 2,498 | |
| | |
| | |
| 5,428 | | |
| 5,428 | |
| Less accumulated depreciation and amortization | |
| | |
| (5,428 | ) | |
| (5,308 | ) |
| Total | |
| | |
$ | — | | |
$ | 120 | |
Accounts
payable and accrued expenses consist of the following (in thousands):
Schedule of accounts payable and accrued expenses
| | |
June 30,
2026 | | |
December 31,
2025 | |
| Accounts payable | |
$ | 12,705 | | |
$ | 8,194 | |
| Accrued research and development (includes related party amounts of $300 and $0, respectively) | |
| 6,362 | | |
| 7,280 | |
| Other accrued expenses | |
| 384 | | |
| 879 | |
| Total | |
$ | 19,451 | | |
$ | 16,353 | |
|
2. Balance Sheet
Details
Prepaid
expenses and other current assets consist of the following (in thousands):
| Schedule of prepaid expenses other current assets |
|
|
|
|
|
|
|
|
| |
|
December
31, |
|
| |
|
2025 |
|
|
2024 |
|
| Prepaid
research and development |
|
$ |
663 |
|
|
$ |
1,739 |
|
| Other
prepaid expenses and current assets |
|
|
232 |
|
|
|
447 |
|
| Total |
|
$ |
895 |
|
|
$ |
2,186 |
|
Property
and equipment consist of the following (in thousands):
| Schedule of property and equipment |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
December
31, |
|
| |
|
Useful
life (years) |
|
2025 |
|
|
2024 |
|
| Furniture,
fixtures and office equipment |
|
3
- 7 |
|
$ |
1,101 |
|
|
$ |
1,721 |
|
| Laboratory
equipment |
|
5 |
|
|
1,829 |
|
|
|
2,280 |
|
| Leasehold
improvements |
|
2
- 3 |
|
|
2,498 |
|
|
|
3,680 |
|
| |
|
|
|
|
5,428 |
|
|
|
7,681 |
|
| Less
accumulated depreciation and amortization |
|
|
|
|
(5,308 |
) |
|
|
(7,003 |
) |
| Total |
|
|
|
$ |
120 |
|
|
$ |
678 |
|
Accounts
payable and accrued expenses consist of the following (in thousands):
| Schedule of accounts payable and accrued expenses |
|
|
|
|
|
|
|
|
| |
|
December
31, |
|
| |
|
2025 |
|
|
2024 |
|
| Accounts
payable |
|
$ |
8,194 |
|
|
$ |
1,902 |
|
| Accrued
compensation |
|
|
37 |
|
|
|
2,726 |
|
| Accrued
research and development |
|
|
7,280 |
|
|
|
8,033 |
|
| Other
accrued expenses |
|
|
842 |
|
|
|
1,043 |
|
| Total |
|
$ |
16,353 |
|
|
$ |
13,704 |
|
|