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Balance Sheet Details
3 Months Ended
Mar. 31, 2025
Payables and Accruals [Abstract]  
Balance Sheet Details

2. Balance Sheet Details

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

 

 

 

March 31,
2025

 

 

December 31,
2024

 

Interest receivable

 

$

5,585

 

 

$

5,381

 

Prepaid research and development

 

 

2,876

 

 

 

2,354

 

Other prepaid expenses

 

 

732

 

 

 

758

 

Prepaid expenses and other current assets

 

$

9,193

 

 

$

8,493

 

 

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

 

 

 

March 31,
2025

 

 

December 31,
2024

 

Laboratory equipment

 

$

8,731

 

 

$

8,360

 

Furniture and fixtures

 

 

792

 

 

 

792

 

Computer equipment and software

 

 

658

 

 

 

658

 

Assets not placed in service

 

 

237

 

 

 

6

 

Total property and equipment

 

 

10,418

 

 

 

9,816

 

Less: accumulated depreciation

 

 

(5,471

)

 

 

(4,952

)

Property and equipment, net

 

$

4,947

 

 

$

4,864

 

Accrued expenses consist of the following (in thousands):

 

 

 

March 31,
2025

 

 

December 31,
2024

 

Accrued research and development

 

$

10,564

 

 

$

6,200

 

Accrued compensation

 

 

1,851

 

 

 

4,566

 

Other accrued expenses

 

 

925

 

 

 

918

 

Accrued expenses

 

$

13,340

 

 

$

11,684