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Balance Sheet Details
9 Months Ended
Sep. 30, 2025
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details

2. Balance Sheet Details

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

 

 

 

September 30,
2025

 

 

December 31,
2024

 

Prepaid research and development

 

$

974

 

 

$

1,739

 

Prepaid insurance

 

 

191

 

 

 

 

Other prepaid expenses and current assets

 

 

185

 

 

 

447

 

Total

 

$

1,350

 

 

$

2,186

 

 

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

 

 

 

Useful life
(years)

 

September 30,
2025

 

 

December 31,
2024

 

Furniture, fixtures and office equipment

 

3 - 7

 

$

1,721

 

 

$

1,721

 

Laboratory equipment

 

5

 

 

2,280

 

 

 

2,280

 

Leasehold improvements

 

2 - 3

 

 

3,680

 

 

 

3,680

 

 

 

 

 

7,681

 

 

 

7,681

 

Less accumulated depreciation and amortization

 

 

 

 

(7,357

)

 

 

(7,003

)

Total

 

 

 

$

324

 

 

$

678

 

 

Accounts payable and accrued expenses consist of the following (in thousands):

 

 

 

September 30,
2025

 

 

December 31,
2024

 

Accounts payable

 

$

5,851

 

 

$

1,902

 

Accrued compensation

 

 

2,422

 

 

 

2,726

 

Accrued research and development

 

 

8,029

 

 

 

8,033

 

Other accrued expenses

 

 

509

 

 

 

1,043

 

Total

 

$

16,811

 

 

$

13,704