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Balance Sheet Components

6 Months Ended

Jun. 30, 2025

Balance Sheet Related Disclosures [Abstract]

5. Balance Sheet Components

Property and Equipment, Net

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


	June 30, 2025			December 31, 2024
Leasehold improvements	$	66,618		$	66,618
Furniture and fixtures		746			746
Research equipment		18,203			16,914
Computers and software		404			404
Construction in progress		9,845			10,821
Total property and equipment, gross		95,816			95,503
Less accumulated depreciation and amortization		(25,475	)		(20,845	)
Total property and equipment, net	$	70,341		$	74,658

Depreciation and amortization expense was $2.3 million for each of the three months ended June 30, 2025 and 2024, and $4.6 million and $4.5 million for the six months ended June 30, 2025 and 2024, respectively.

Accrued and Other Current Liabilities

Accrued and other current liabilities are comprised of the following (in thousands):


	June 30, 2025		December 31, 2024
Accrued compensation	$	5,025	$	7,918
Accrued research and development costs		4,757		3,633
Accrued property and equipment		—		254
Other accrued and current liabilities		723		424
Total accrued and other liabilities	$	10,505	$	12,229