Other Balance Sheet Components

6 Months Ended

Jun. 30, 2025

Prepaid Expense and Other Assets, Current [Abstract]

Prepaid Expenses and Other Current Assets

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


	June 30, 2025		December 31, 2024
R&D expenses	$	832	$	979
Insurance expense	203		591
Software and subscriptions expense	442		337
Variable lease expense	118		118
Federal R&D tax credit receivable	106		108
Other	333		211
Total prepaid expenses and other current assets	$	2,034	$	2,344

Property and Equipment, Net

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


	June 30, 2025		December 31, 2024
Leasehold improvements	$	4,518	$	4,518
Laboratory equipment	4,664		4,078
Computer and software	938		969
Furniture and fixtures	524		524
Total property and equipment	10,644		10,089
Less: accumulated depreciation and amortization	(7,237)		(6,231)
Total property and equipment, net	$	3,407	$	3,858

The Company incurred depreciation and amortization expense of $0.4 million for each of the three months ended June 30, 2025 and 2024. The Company also incurred depreciation and amortization expense of $0.9 million for each of the six months ended June 30, 2025 and 2024. For each of the three and six months ended June 30, 2025 and 2024, depreciation and amortization expense included nominal finance lease right-of-use (“ROU”) asset amortization (see Note 4).

Accrued Expenses

Accrued expenses consisted of the following (in thousands):


	June 30, 2025		December 31, 2024
Employee compensation and benefits	$	1,522	$	3,111
Professional fees	410		661
External R&D expenses	830		524
Other	108		537
Total accrued expenses	$	2,870	$	4,833