Balance Sheet Components

6 Months Ended

Jun. 30, 2025

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Components

5. Balance Sheet Components

Property and Equipment, Net

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

	June 30,			December 31,
	2025			2024
Laboratory equipment	$	4,128		$	4,130
Furniture and fixtures		1,132			936
Leasehold improvements		936			821
Computer equipment and software		178			1,132
Property and equipment, gross		6,374			7,019
Less accumulated depreciation		(4,212	)		(3,672	)
Property and equipment, net	$	2,162		$	3,347

Depreciation and amortization expense related to property and equipment was $0.3 million for each of the three months ended June 30, 2025 and 2024 and $0.5 million for each of the six months ended June 30, 2025 and 2024. The Company recognized zero and $0.6 million in impairment charges related to capitalized software during the three and six months ended June 30, 2025, respectively. The Company did not recognize such impairment charges during the three and six months ended June 30, 2024.

Other Accrued Expenses and Current Liabilities

Other accrued expenses and current liabilities consist of the following (in thousands):

	June 30,		December 31,
	2025		2024
Accrued research and development expenses - Contract Research Organizations	$	9,534	$	5,669
Accrued research and development expenses - Contract Manufacturing Organizations		4,309		5,487
Other accrued expenses		1,232		2,903
Total other accrued expenses and current liabilities	$	15,075	$	14,059