Condensed Consolidated Balance Sheet Components

3 Months Ended

Mar. 31, 2025

Condensed Consolidated Balance Sheet Components [Abstract]

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS

NOTE 4. CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS

Prepaid expenses and other current assets

The following table summarizes the details of prepaid expenses and other current assets as of the dates set forth below (in thousands): 

	March 31,		December 31,
	2025		2024
Research and development prepaid expenses	$	2,558	$	2,604
Prepaid insurance		549		784
Prepaid travel expenses		414		140
Other prepaid expenses and current assets		854		646
Total	$	4,375	$	4,174

Property and equipment, net

The following table summarizes the details of property and equipment, net as of the dates set forth below (in thousands): 

	March 31,			December 31,
	2025			2024
Leasehold improvements	$	2,711		$	2,711
Lab equipment		2,044			2,049
Office furniture & fixtures		522			522
Computer equipment		310			310
Capitalized software		90			90
Property and equipment, gross		5,677			5,682
Less: accumulated depreciation and amortization		(4,078	)		(3,807	)
Property and equipment, net	$	1,599		$	1,875

Depreciation and amortization expense for each of the three months ended March 31, 2025 and 2024 was $0.3 million.

Accrued expenses and other current liabilities

The following table summarizes the details of accrued expenses and other current liabilities as of the dates set forth below (in thousands):

	March 31,		December 31,
	2025		2024
Research and development accrued expenses	$	5,671	$	6,424
Accrued employee and related compensation expenses		1,063		3,100
Contributions under Employee Stock Purchase Plans		327		111
Other		443		486
Total	$	7,504	$	10,121