XML 31 R14.htm IDEA: XBRL DOCUMENT v3.25.0.1
Balance Sheet Components
12 Months Ended
Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components

4. Balance Sheet Components

Property and Equipment, Net

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

 

 

 

Useful Life

 

As of December 31,

 

 

 

(In Years)

 

2024

 

 

2023

 

Laboratory equipment

 

5

 

$

13,513

 

 

$

11,455

 

Computer equipment

 

3

 

 

503

 

 

 

261

 

Software

 

3

 

 

231

 

 

 

231

 

Leasehold improvements

 

Shorter of useful
life or lease term

 

 

4,913

 

 

 

3,321

 

Furniture and fixtures

 

5

 

 

1,517

 

 

 

507

 

Total property and equipment

 

 

 

 

20,677

 

 

 

15,775

 

Less: Accumulated depreciation and amortization

 

 

 

 

(11,711

)

 

 

(9,611

)

Property and equipment, net

 

 

 

$

8,966

 

 

$

6,164

 

 

Depreciation and amortization expense was $2.4 million, $2.5 million and $2.1 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

 

 

 

As of December 31,

 

 

 

2024

 

 

2023

 

Accrued research and development expenses

 

$

19,956

 

 

$

10,676

 

Accrued salaries and benefits

 

 

8,233

 

 

 

6,974

 

Legal and professional fees

 

 

1,213

 

 

 

959

 

Other

 

 

950

 

 

 

147

 

Accrued liabilities

 

$

30,352

 

 

$

18,756