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Prepaid Expenses, Other Current Assets and Other Noncurrent Assets
12 Months Ended
Dec. 31, 2025
Prepaid Expense and Other Assets, Current [Abstract]  
Prepaid Expenses, Other Current Assets and Other Noncurrent Assets

8. Prepaid Expenses, Other Current Assets and Other Noncurrent Assets

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

 

 

December 31,

 

 

 

2025

 

 

2024

 

Amounts due under Asset Purchase Agreement

 

$

4,837

 

 

$

 

Prepaid external research and development

 

 

528

 

 

 

2,076

 

Payroll tax credit

 

 

555

 

 

 

555

 

Prepaid expenses

 

 

813

 

 

 

885

 

Other

 

 

20

 

 

 

396

 

Total prepaid expenses and other current assets

 

$

6,753

 

 

$

3,912

 

 

Included in prepaid external research and development is a deposit of $0.2 million that has been transferred to a payment processor to pay out investigator site fees related to our SIGNAL-AA Part B and OLE trials.

Other noncurrent assets consisted of the following as of (in thousands):

 

 

December 31,

 

 

 

2025

 

 

2024

 

Prepaid external research and development - long term

 

$

 

 

$

116

 

Total other noncurrent assets

 

$

 

 

$

116