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Balance Sheet Components
6 Months Ended
Jun. 30, 2025
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components

5. Balance Sheet Components

Prepaid expenses and other current assets

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

 

 

June 30,

 

 

December 31,

 

 

2025

 

 

2024

 

Prepaid research and development expenses

 

$

2,072

 

 

$

388

 

Prepaid insurance

 

 

593

 

 

 

54

 

Prepaid taxes

 

 

249

 

 

 

—

 

Prepaid professional and legal services

 

 

83

 

 

 

525

 

Other prepaid expenses and other current assets

 

 

228

 

 

 

—

 

Total prepaid expenses and other current assets

 

$

3,225

 

 

$

967

 

 

Accrued expenses and other current liabilities

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

 

 

June 30,

 

 

December 31,

 

 

2025

 

 

2024

 

Accrued research and development expenses

 

$

2,498

 

 

$

659

 

Accrued compensation

 

 

686

 

 

 

591

 

Accrued professional and legal services

 

 

645

 

 

 

308

 

Accrued transaction expenses

 

 

—

 

 

 

567

 

Accrued patent reimbursement costs

 

 

—

 

 

 

48

 

Other accrued expenses and other current liabilities

 

 

142

 

 

 

22

 

Total accrued expenses and other current liabilities

 

$

3,971

 

 

$

2,195