XML 35 R25.htm IDEA: XBRL DOCUMENT v3.25.0.1
Supplementary Balance Sheet Information (Tables)
 12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Investments Available-for-sale

Short-term investments available-for-sale securities consist of the following:

 

 

 

As of December 31, 2024

 

(in thousands)

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Market Value

 

Maturity less than 1 year:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

17,192

 

 

$

27

 

 

$

(1

)

 

$

17,218

 

Commercial paper

 

 

312

 

 

 

1

 

 

 

—

 

 

 

313

 

U.S. treasury securities

 

 

16,475

 

 

 

3

 

 

 

(4

)

 

 

16,474

 

Total maturity less than 1 year

 

 

33,979

 

 

 

31

 

 

 

(5

)

 

 

34,005

 

Maturity 1 to 2 years:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

6,263

 

 

 

11

 

 

 

(3

)

 

 

6,271

 

Total maturity 1 to 2 years

 

 

6,263

 

 

 

11

 

 

 

(3

)

 

 

6,271

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total short-term investments

 

$

40,242

 

 

$

42

 

 

$

(8

)

 

$

40,276

 

 

 

 

As of December 31, 2023

 

(in thousands)

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Market Value

 

Maturity less than 1 year:

 

 

 

 

 

 

 

 

 

 

 

 

Certificate of deposit

 

$

8,317

 

 

$

16

 

 

$

—

 

 

$

8,333

 

Corporate debt securities

 

 

10,948

 

 

 

8

 

 

 

(16

)

 

 

10,940

 

Commercial paper

 

 

6,193

 

 

 

9

 

 

 

—

 

 

 

6,202

 

U.S. government agencies

 

 

835

 

 

 

—

 

 

 

(1

)

 

 

834

 

Total maturity less than 1 year

 

 

26,293

 

 

 

33

 

 

 

(17

)

 

 

26,309

 

Maturity 1 to 2 years:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

8,437

 

 

 

6

 

 

 

(10

)

 

 

8,433

 

U.S. treasury securities

 

 

18,505

 

 

 

—

 

 

 

(79

)

 

 

18,426

 

Total maturity 1 to 2 years

 

 

26,942

 

 

 

6

 

 

 

(89

)

 

 

26,859

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total short-term investments

 

$

53,235

 

 

$

39

 

 

$

(106

)

 

$

53,168

 
Investments Available-for-sale in a Continuous Unrealized Loss Position Investments available for sale that have been in a continuous unrealized loss position for greater than one-year consist of the following:

 

 

As of December 31, 2023

 

(in thousands)

 

Fair Market Value

 

 

Gross Unrealized Loss

 

Corporate debt securities

 

$

397

 

 

$

(3

)
Schedule of Components of Property and Equipment The estimated useful lives of the major classes of property and equipment are as follows:

 

 

Estimated Useful Lives

Furniture and office equipment

3 to 5 years

Leasehold improvements

4 to 6 years

Laboratory equipment

5 years
Property and equipment consisted of the following:

(in thousands)

 

As of December 31,
2024

 

 

As of December 31,
2023

 

Furniture and office equipment

 

$

1,053

 

 

$

1,067

 

Leasehold improvements

 

 

2,568

 

 

 

2,568

 

Laboratory equipment

 

 

1,414

 

 

 

1,355

 

Property and equipment, gross

 

 

5,035

 

 

 

4,990

 

Less—accumulated depreciation

 

 

(4,137

)

 

 

(3,752

)

Property and equipment, net

 

$

898

 

 

$

1,238

 
Schedule of Accrued Liabilities

Accrued liabilities consisted of the following:

 

(in thousands)

 

As of December 31,
2024

 

 

As of December 31,
2023

 

Clinical trials

 

$

4,443

 

 

$

4,309

 

Accrued compensation

 

 

2,746

 

 

 

2,737

 

Research agreements and services

 

 

478

 

 

 

530

 

Other accrued liabilities

 

 

230

 

 

 

207

 

Total accrued liabilities

 

$

7,897

 

 

$

7,783