3. Balance Sheet Components Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets as of December 31, 2024 and 2023 consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
December 31, 2023 |
|
Prepaid professional fees |
|
$ |
377 |
|
|
$ |
413 |
|
Prepaid insurance |
|
|
286 |
|
|
|
318 |
|
Prepaid manufacturing and research expense |
|
|
1,982 |
|
|
|
306 |
|
Other |
|
|
336 |
|
|
|
165 |
|
Total Prepaid Expenses and Other Current Assets |
|
$ |
2,981 |
|
|
$ |
1,202 |
|
Property and Equipment, Net Property and equipment, net as of December 31, 2024 and 2023 consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
December 31, 2023 |
|
Equipment |
|
$ |
107 |
|
|
$ |
100 |
|
Furniture and Fixtures |
|
|
18 |
|
|
|
18 |
|
Property and equipment, at cost |
|
|
125 |
|
|
|
118 |
|
Less accumulated depreciation |
|
|
(48 |
) |
|
|
(9 |
) |
Total Property and Equipment, net |
|
$ |
77 |
|
|
$ |
109 |
|
Other Assets Other assets as of December 31, 2024 and 2023 consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
December 31, 2023 |
|
Prepaid insurance |
|
$ |
87 |
|
|
$ |
280 |
|
Prepaid professional fees |
|
|
- |
|
|
|
211 |
|
Other |
|
|
51 |
|
|
|
53 |
|
Total Other Assets |
|
$ |
138 |
|
|
$ |
544 |
|
Accrued Liabilities Accrued liabilities as of December 31, 2024 and 2023 consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
December 31, 2023 |
|
Accrued issuance costs |
|
$ |
1,881 |
|
|
$ |
— |
|
Accrued manufacturing and clinical expenses |
|
|
541 |
|
|
|
1,016 |
|
Accrued compensation |
|
|
1,551 |
|
|
|
947 |
|
Accrued legal and professional fees |
|
|
97 |
|
|
|
276 |
|
Accrued other expenses |
|
|
132 |
|
|
|
3 |
|
Total Accrued Liabilities |
|
$ |
4,202 |
|
|
$ |
2,242 |
|
|