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Balance Sheet Items
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Items

4. BALANCE SHEET ITEMS

 

Prepaid expenses and other current asset consist of the following as of December 31, 2024 and 2023 (in thousands):

 

 

 

2024

 

 

2023

 

Prepaid expenses

 

$

642

 

 

$

700

 

Prepaid research and development costs

 

 

29

 

 

 

337

 

Other current assets

 

 

535

 

 

 

96

 

Total

 

$

1,206

 

 

$

1,133

 

 

Property and equipment, net, consists of the following as of December 31, 2024 and 2023 (in thousands):

 

 

 

2024

 

 

2023

 

Computer equipment and software

 

$

192

 

 

$

169

 

Furniture and fixtures

 

 

328

 

 

 

328

 

Lab equipment

 

 

1,485

 

 

 

1,133

 

Leasehold improvements

 

 

201

 

 

 

235

 

Property and equipment

 

 

2,206

 

 

 

1,865

 

Less accumulated depreciation

 

 

(1,320

)

 

 

(1,025

)

Property and equipment—net

 

$

886

 

 

$

840

 

 

Depreciation expense for the years ended December 31, 2024 and 2023 was $389 and $381, respectively.

Accrued liabilities as of December 31, 2024 and 2023 consist of the following (in thousands):

 

 

 

2024

 

 

2023

 

Accrued other liabilities

 

$

1,335

 

 

$

626

 

Accrued clinical trial liability

 

 

1,391

 

 

 

1,047

 

Total

 

$

2,726

 

 

$

1,673