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Supplemental Financial Information (Tables)
12 Months Ended
Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract]  
Schedule of Property, Plant and Equipment Net

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

 

 

 

December 31,
2024

 

 

December 31,
2023

 

Leasehold improvements

 

$

2,117

 

 

$

2,117

 

Laboratory equipment

 

 

3,130

 

 

 

2,868

 

Computer equipment

 

 

707

 

 

 

1,133

 

Furniture and fixtures

 

 

864

 

 

 

864

 

Construction in progress

 

 

4,251

 

 

 

6,823

 

 

 

11,069

 

 

 

13,805

 

Accumulated depreciation

 

 

(3,584

)

 

 

(2,979

)

Property, plant and equipment, net

 

$

7,485

 

 

$

10,826

 

Schedule of Accrued Expenses and Other Current Labilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

 

 

 

December 31,
2024

 

 

December 31,
2023

 

Accrued compensation

 

$

5,242

 

 

$

3,423

 

Accrued clinical trial

 

 

1,907

 

 

 

1,851

 

Lease liabilities, current portion

 

 

1,877

 

 

 

1,646

 

Accrued research and development

 

 

1,714

 

 

 

3,467

 

Accrued professional and consulting fees

 

 

725

 

 

 

330

 

Warrant liability

 

 

438

 

 

 

454

 

Accrued property, plant and equipment

 

 

207

 

 

 

 

Accrued severance

 

 

 

 

 

390

 

Other

 

 

752

 

 

 

723

 

Total accrued expenses and other current liabilities

 

$

12,862

 

 

$

12,284

 

Schedule of Prepaid Expenses and Other Current Assets

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

 

 

 

December 31,
2024

 

 

December 31,
2023

 

Prepaid clinical trial

 

$

1,112

 

 

$

802

 

Prepaid research and development

 

 

841

 

 

 

1,412

 

Prepaid insurance

 

 

249

 

 

 

292

 

Deferred offering costs

 

 

135

 

 

 

681

 

Other

 

 

308

 

 

 

292

 

Total prepaid expenses and other current assets

 

$

2,645

 

 

$

3,479