Balance Sheet Details

6 Months Ended

Jun. 30, 2026

Balance Sheet Details

Balance Sheet Details

6. Balance Sheet Details

Property and Equipment, net

Property and equipment as of June 30, 2026 and December 31, 2025 consisted of the following (in thousands):

	June 30, 2026		December 31, 2025
Laboratory equipment	$	21,228	$	21,141
Furniture and fixtures		851		851
Office and computer equipment		440		440
Leasehold improvements		3,809		3,802
Total		26,328		26,234
Less: accumulated depreciation		(15,098)		(14,040)
Property and equipment, net	$	11,230	$	12,194

Depreciation expense totaled $0.5 million and $0.3 million for the three months ended June 30, 2026 and 2025, and $1.0 million and $0.7 million for the six months ended June 30, 2026 and 2025, respectively. Property and equipment not yet in use was $3.5 million and $7.8 million as of June 30, 2026 and December 31, 2025, respectively, and is included in the laboratory equipment in the table above. These assets are not depreciated until they are placed in service.

Accounts payable and accrued liabilities

Accounts payable and accrued liabilities as of June 30, 2026 and December 31, 2025 consisted of the following (in thousands):

	June 30, 2026		December 31, 2025
Accounts payable	$	1,193	$	921
Accrued clinical trial expenses		—		77
Other accrued expenses		662		707
	$	1,855	$	1,705