Balance Sheet Components

3 Months Ended

Mar. 31, 2024

Balance Sheet Components [Abstract]

Balance Sheet Components

4. Balance Sheet Components

Prepaid expenses and other current assets

Prepaid expenses and other current assets consisted of the following:

	March 31, 2024		December 31, 2023
	(in thousands)
Prepaid research and development	$	674	$	825
Interest receivable		998		316
Other receivables		1,423		1,423
Prepaid other		941		1,181
Total prepaid expenses and other current assets	$	4,036	$	3,745

Property and equipment, net

Property and equipment, net consisted of the following:

	March 31, 2024			December 31, 2023
	(in thousands)
Laboratory equipment	$	9,660		$	9,644
Furniture and fixtures		87			87
Computer equipment		723			593
Leasehold improvements		197			134
Construction in progress		2,409			1,833
Property and equipment at cost		13,076			12,291
Less: accumulated depreciation		(2,465	)		(1,912	)
Property and equipment, net	$	10,611		$	10,379

Depreciation expense for the three months ended March 31, 2024 and 2023 was $0.6 million and $0.2 million, respectively.

Accrued expenses and other current liabilities

Accrued expenses and other current liabilities consisted of the following:

	March 31, 2024		December 31, 2023
	(in thousands)
Accrued compensation and related expenses	$	1,713	$	5,391
Accrued purchases of property and equipment		116		112
Accrued deferred offering costs related to the initial public offering		—		95
Other		1,552		1,031
Total accrued expenses and other current liabilities	$	3,381	$	6,629