Balance Sheet Details

6 Months Ended

Jun. 30, 2025

Balance Sheet Details

Balance Sheet Details

6. Balance Sheet Details

Property and Equipment, net

Property and equipment as of June 30, 2025 and December 31, 2024 consisted of the following (in thousands):

	June 30, 2025		December 31, 2024
Laboratory equipment	$	21,455	$	21,316
Furniture and fixtures		851		831
Office and computer equipment		438		438
Leasehold improvements		3,802		3,802
Total		26,546		26,387
Less: accumulated depreciation		(13,889)		(13,146)
Property and equipment, net	$	12,657	$	13,241

Depreciation and amortization expense totaled $0.3 million for each of the three months ended June 30, 2025 and 2024, and $0.7 million and $0.6 million for the six months ended June 30, 2025 and 2024, respectively. Property and equipment not in use was $8.4 million and $8.3 million as of June 30, 2025 and December 31, 2024, 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, 2025 and December 31, 2024 consisted of the following (in thousands):

	June 30, 2025		December 31, 2024
Accounts payable	$	965	$	766
Accrued clinical trial expenses		—		828
Other accrued expenses		575		461
	$	1,540	$	2,055