SUPPLEMENTAL FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2025

Prepaid expenses and other assets as of June 30, 2025 and December 31, 2024 consisted of the following (in thousands):


	June 30, 2025
	Prepaid Expenses and Other Current Assets		Other Long-Term Assets		Total Prepaid Expenses and Other Assets
Research and development service agreements	$	4,024	$	50	$	4,074
Other receivables	315		—		315
Dues and subscriptions	247		—		247
Prepaid insurance	169		—		169
Right-of-use asset	—		205		205
Property and equipment, net (1)	—		130		130
Other	280		79		359
Total	$	5,035	$	464	$	5,499


	December 31, 2024
	Prepaid Expenses and Other Current Assets		Other Long-Term Assets		Total Prepaid Expenses and Other Assets
Research and development service agreements	$	4,841	$	75	$	4,916
Prepaid insurance	858		—		858
Other receivables	345		—		345
Dues and subscriptions	230		—		230
Right-of-use asset	—		266		266
Property and equipment, net (1)	—		73		73
Other	475		72		547
Total	$	6,749	$	486	$	7,235

(1) As of both June 30, 2025 and December 31, 2024, accumulated depreciation totaled approximately $0.1 million.

Accrued expenses and other liabilities as of June 30, 2025 and December 31, 2024 consisted of the following (in thousands):


	June 30, 2025
	Accrued Expenses and Other Current Liabilities		Other Long-Term Liabilities		Total Accrued Expenses and Other Liabilities
Research and development	$	9,263	$	—	$	9,263
Compensation and other employee liabilities	1,843		—		1,843
Interest	241		—		241
Operating lease liability	142		77		219
Other	161		—		161
Total	$	11,650	$	77	$	11,727


	December 31, 2024
	Accrued Expenses and Other Current Liabilities		Other Long-Term Liabilities		Total Accrued Expenses and Other Liabilities
Compensation and other employee liabilities	$	4,207	$	—	$	4,207
Research and development	1,796		—		1,796
Interest	249		—		249
Operating lease liability	133		150		283
Other	230		—		230
Total	$	6,615	$	150	$	6,765